June jobs data was collected before new cases of the coronavirus began soaring in states like Texas, Florida, and Arizona.
The United States added 4.8 million jobs last month, but the data was collected mid-month and doesn’t reflect a spike in new coronavirus cases—and the second wave of business closures that has followed—in many areas of the country.... [+]Getty Images, when the U.S. economy added 2.5 million jobs and the unemployment rate dipped to 13.3% from 14.7% in April—surprising experts, who where predicting losses on the order of 8 million and an unemployment rate near 20%.
In May, the labor market got a boost as the industries hit hardest by the pandemic—like leisure, hospitality, retail and restaurants—began to rehire workers.
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