Economy beats expectations with 850,000 jobs in June, unemployment at 5.9%

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(Worthy News) – The rebounded and added 850,000 new jobs in June, a welcome result after two months of disappointing growth.

The unemployment rate slightly increased to 5.9%, the Bureau of Labor Statistics reported Friday.

The numbers exceeded expectations, with the consensus among economists being that 700,000 jobs would be added, and unemployment would drop from 5.8% to 5.7%. [ Source: Washington Examiner (Read More…) ]

Government Added 188,000 Jobs in June

Governments in the added a net total of 188,000 jobs in the month of June, even as the federal government decreased the number it employed by 5,000, according to the monthly employment report released today by the Bureau of Labor Statistics.

State governments during the month added 69,000 jobs and local governments added 124,000.

Employment in private also increased. The Bureau of Labor Statistics explained that the state and local government surge in employment was driven largely by hiring by public education institutions—as the pandemic began to recede. [ Source: CNS News (Read More…) ]

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