Friday, July 3, 2020

Record-Setting Job Gains of 4.8 Million in June During Partial Economic Reopening….

"Most “experts” had been forecasting around 2.5 million jobs recovered in June; however, payrolls rose by 4.8 million, far exceeding expectations.  The Bureau of Labor Statistics report [Available Here] shows job recovery across-the-board, with a major bounce back in the leisure and hospitality sector gaining 2.1 million jobs."
"The June jobs growth of 4.8 million was a big leap from the 2.7 million in May.  Notably the May report was also revised upward by 190,000.  The June result is easily the largest single-month for job gains in U.S. history."

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