Headline RoundupJuly 2nd, 2021

US Adds 850,000 Jobs in June; Unemployment at 5.9%

Summary from the AllSides News Team

The U.S. economy added 850,000 jobs in June, beating economists' predictions and improving on numbers from April and May. Leisure and hospitality industries led the growth with 343,000 jobs added. The unemployment rate rose from 5.8% to 5.9%; experts expected it to fall to 5.7%. On Thursday, the Labor Department reported that the number of people applying for unemployment benefits fell to 364,000 last week, the lowest level since the pandemic began.

Most sources across the spectrum framed the report as a positive sign for the economy's post-pandemic recovery. Some coverage from left- and center-rated outlets also highlighted that the economy still has almost 7 million fewer jobs than it did before the pandemic.

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