U.S. Economy Added 4.8 Million Jobs in June

Headline Roundup July 2nd, 2020

The U.S. economy regained 4.8 million jobs in June as the jobless rate fell to 11.1%.

A recent coronavirus spike could hamper the labor market's recovery, however, as outbreaks worsened through the South and West later in June.

U.S. Economy Added 4.8 Million Jobs in June

From the Left
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Economy and Jobs, jobs report, unemployment rate, coronavirus, coronavirus spike, coronavirus outbreaks

The economy added 4.8 million jobs last month, based on a survey taken mid-month, sending the unemployment rate down to 11.1 percent — a sign of how many businesses were scrambling to emerge from the depths of the recession.

But new data also released Thursday by the Labor Department showed that 1.4 million people filed unemployment claims for the first time last week as many businesses reversed themselves and closed again during the surge in coronavirus cases. This trend has not fallen off in recent weeks.

This marked the 15th...

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From the Center
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The U.S. economy added 4.8 million jobs in June, according to data released Thursday by the Labor Department, as the gradual easing of coronavirus-related restrictions helped more businesses reopen and bring back workers.

The unemployment rate also fell to 11.1 percent last month, according to the report, as more workers who were laid off earlier this year were able to return to their pre-pandemic jobs.

Economists expected the U.S. to add anywhere between 1 and 3 million jobs for the month after the U.S. added 2.7 million in May, according...

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From the Right
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The economy gained 4.8 million jobs in June, lowering the unemployment rate to 11.1%, the Labor Department said Thursday.

June's job gains were a record and easily beat forecasters' expectations. Nevertheless, the jobs report is clouded by the fact that, even with the improvements, the labor market was in historially bad shape even before coronavirus outbreaks worsened throughout the South and West later in June.

“Looking beyond the June employment data, worrisome signs have emerged in recent days regarding a pullback in store traffic and spending likely linked to the...

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