Talk of The Villages Florida - View Single Post - June jobs report: +4.8 million jobs, Unemployment drops to 11.1%
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Old 07-02-2020, 03:54 PM
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Default June jobs report: +4.8 million jobs, Unemployment drops to 11.1%

The Labor Department said in its report, released on Thursday because of the Fourth of July holiday, that employers added 4.8 million jobs in June — the biggest increase on record. Unemployment dropped to 11.1% Economists surveyed by Refinitiv expected the report, to show that unemployment dropped to 12.3 percent and that employers added 3 million jobs.

Unemployment rate drops to 11.1% in June as job growth blows past expectations with 4.8M added | Fox Business

So we're headed in the right direction, exceeded expectations, but I am sure there will be "experts" telling us why this is not actually good news.