Economy adds robust 850K jobs in June Five takeaways from the employment report
THE BIG DEAL-Economy adds robust 850K jobs in June, exceeding expectations: The U.S. added 850,000 jobs in June, exceeding expectations as rising demand for a wide range of services disrupted by the COVID-19 pandemic fueled the labor market, according to data released Friday by the Labor Department.
The unemployment rate ticked slightly higher to 5.9 percent, according to the report, but the monthly haul far exceeded the projections of economists, who expected the U.S. to gain roughly 700,000 jobs last month.
The labor force participation rate stayed roughly even at 61.6 percent, a sign that many Americans are still unable to return to the workforce.
There were also 6.4 million Americans who did not seek a job in June - and therefore not counted as unemployed - but want to work, up from 5 million before the pandemic.
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