The US economy added a record 4.8 million jobs last month as the nation continued an economic rebound that’s now threatened by a surge in coronavirus infections, new data show.
Thursday’s closely watched June jobs report showed a better-than-expected recovery in the labor market as states forged ahead with reopening plans that are now being partly rolled back amid record numbers of COVID-19 cases.
The unemployment rate dropped to 11.1 percent in June from 13.3 percent in May as lockdowns aimed at controlling the virus continued to ease, the Bureau of Labor Statistics figures show. That marked a continued improvement from April’s peak of 14.7 percent
But the data reflect a snapshot of the economy in mid-June, before the virus’s resurgence forced states such as California, Texas and Florida to shutter bars and restaurant dining rooms for a second time. The economy’s path forward will rely on whether the new wave of infections gets under control, according to experts.
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3 comments:
The economy’s path forward will be completely throttled to meet the Central Bankers’ goals for fiat currency reset.
The bankers run intelligence operations including the Psyops known as: COVID-19, ANTIFA, BLM, and the vaccine agenda (population control).
Hahaha! No J1's makes those numbers look better.
Trump is a genius. Business is begging for help, and paying, and hiring. Fact
Dumbest statement of the day. Job numbers plummeted due to shutdown. The numbers shot back up due to states opening back up. Its not rocket science
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