Million Jobs Added to US Economy in June

04 Juillet, 2020, 10:10 | Auteur: Auguste Feret
  • Unemployment rate at 11.1% in June, another 1.4 million workers filed jobless claims last week

From March 15 through June 27, labor officials said the department has paid $957 million in benefits. But the report is based on data that's three weeks old, and does not reflect business closures that resulted from a recent spike in coronavirus cases. Analysts were cautious in responding to the massive addition of jobs, saying that the USA economy has a long way to go in terms of recovery.

While the June jobs report shows some gains - employment rose by 4.8 million last month - some economists expressed worries it might not accurately represent the current employment climate.

The president's remarks came after the Bureau of Labour Statistics reported an 11.1 per cent decline in the country's unemployment rate in June, down from 13.3 per cent in May.

"Today's announcement proves that our economy is roaring back, it's coming back extremely strong", he said. "These are historic numbers".

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Job losses have been particularly high among African Americans, Hispanics, and women. It said job increases was driven mainly by unemployed people who had been temporarily laid off returning to work and was heavily skewed to the leisure and hospitality sectors.

"Likewise, Hispanic employment is up by 1.5 million jobs, a record by a lot".

The number of permanent lob josses continued to rise, increasing by 588,000 to 2.9 million in June. That's better than the market expected, and marks a second straight month of improvement.

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