U.S. Added 850,000 Jobs In June””More Than Experts Expected””As Labor Market Recovery Gains Steam

jobs experts labor gains
Middle East
  • Date: 02-Jul-2021
  • Source: Forbes
  • Sector: Economy
  • Country: Middle East
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U.S. Added 850,000 Jobs In June””More Than Experts Expected””As Labor Market Recovery Gains Steam

Share to Linkedin The United States added 850, 000 jobs in June, according to data released Friday by the Labor Department, as reopenings and vaccinations continue to boost hiring. Bartender Olivia Imes prepares a drink at P. J. Whelihan's restaurant and pub in Spring Township, PA ... [+] on June 25, 2021. Most experts were expecting a gain of 720, 000 jobs in June, according to Goldman Sachs, up from a gain of 559, 000 in May. Most of the gains last month came from the leisure and hospitality, education, retail and service industries, the Labor Department said"”industries that were hit hardest by the pandemic. "The reopening of the economy, bolstered by the successful vaccination effort, is helping to put people back to work," says Bankrate senior economic analyst Mark Hamrick. The unemployment rate, however, ticked up slightly from 5. 8% in May to 5. 9% in June. 9. 5 million. That's how many people were unemployed in the United States in June, according to Friday's data, up from 9. 3 million in May but down from 9. 8 million in April. Hawaii is the only state in the country that has yet to fully reopen. Friday's encouraging labor market

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