US added 4.8 million jobs in June, Unemployment Rate falls to 11.1%
Washington, Jul 3, 2020 (AP): US employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month, yet still remained far short of regaining the colossal losses it suffered this spring.
The nation has now recovered roughly one-third of the 22 million jobs it lost to the pandemic recession, according to the Labor Department's jobs report released on Thursday.
And with confirmed coronavirus cases spiking across the Sun Belt states, a range of evidence suggests that a job market recovery may be stalling. In those states and elsewhere, some restaurants, bars and other retailers that had re-opened are being forced to close again.
The re-closings are keeping layoffs elevated: The number of Americans w...