U.S. Unemployment Rate Fell to 11.1% in June


The jobless rate fell to 11.1% in June as the U.S. regained 4.8 million jobs, continuing a labor market rebound from the economic shock caused by the coronavirus pandemic.

Job growth in June followed May’s payroll gain of 2.7 million and showed people are getting back to work faster than anticipated. Still, the U.S. labor market is operating with about 15 million fewer jobs than in February, the month before the pandemic struck the U.S. economy, and a recent coronavirus rise could hamper the job market’s recovery.

Source link