Good News: Record jobs gain of 4.8 million in June smashes expectations; unemployment rate falls to 11.1%

 

We’ll see how long this trend remains in the face of renewed covid infection.

(From CNBC)

Nonfarm payrolls soared by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday.

Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%.

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