A Record 4.8 Million Jobs Added in June!

The unemployment rate dropped to 11.1% as the economy added a record 4.8 million jobs in June. 2.7 million jobs were added in May. While we have a way to go yet we are headed in the right direction and moving relatively quickly.

"The U.S. unemployment rate dropped to 11.1 percent in June as businesses shuttered by the coronavirus pandemic earlier this year rehired millions of idled workers.

The Labor Department said in its report, released on Thursday because of the Fourth of July holiday, that employers added 4.8 million jobs in June — the biggest increase on record. Economists surveyed by Refinitiv expected the report, to show that unemployment dropped to 12.3 percent and that employers added 3 million jobs.

May's figure was revised up by 130,000 for the addition of 2.7 million jobs last month. ..."
https://www.foxbusiness.com/economy/...20-coronavirus

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A Record 4.8 Million Jobs Added in June!