Latest Jobs Report Shows Employment Bouncing Back After Massive Loss In April
The June report, released on Friday from the U.S. Labor Department, showed a rapidly recovering U.S. economy that was performing better than expected. Nonfarm payrolls increased by 850,000 for the month, compared to the Dow Jones estimate of 706,000 and leaping above May’s upwardly revised 583,000. The new figures come just two months after April’s job report showed a massive loss after nonfarm payrolls only increased by 266,000, compared to the consensus expectations of roughly 1 million new jobs that month....