Million Jobs Added in June, Unemployment Drops to 11.1 Percent

Daniel Fowler
July 4, 2020

Both reports highlight the ongoing anguish of the labor market some three months into the novel coronavirus pandemic in the U.S. Although the unemployment rate is not yet back to its February levels, the Bureau of Labor Statistics noted a particularly high increase in jobs related to leisure and hospitality as states slowly begin to allow businesses to reopen.

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. Dan North, Euler Hermes North America, via NBC News The data also does not reflect the recent spike of COVID-19 cases in states such as CA, AZ, TX and FL.

"Today's announcement proves that our economy is roaring back", Trump said in a press briefing Thursday.

The president attributed the success partly to his administration's trade policy, which he said, was restoring manufacturing activities lost by the country.

Celebrated broadcaster Hugh Downs dies at 99
He first served as the announcer for " Hawkins Falls " - the first successful television soap opera - in 1950. Downs' television work ranged from " Today ", NBC's morning news show, to "Tonight", working with Jack Paar .

He said when added to the May figure, the total now stood at a record 700,000 new jobs for African Americans in two months.

The number of permanent lob josses continued to rise, increasing by 588,000 to 2.9 million in June.

The president added that 80 per cent of small businesses were now open in the US, with "very good numbers" expected in the coming months.

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