Employers Added Nearly 5 Million Jobs in June, Unemployment Eases
WASHINGTON – Employers added 4.8 million jobs in June, pushing the nation’s unemployment rate down to 11.1%, down from a peak of 14.7% in April, the Labor Department said Thursday.
June was the second month in a row of payroll gains after a loss of more than 20 million jobs in April, when the coronavirus pandemic effectively paralyzed the nation.
Despite the apparent good news, economists responded with caution Thursday, noting the data was collected before the recent spike in new virus cases and the subsequent reversal of reopening orders in several states.
The department itself noted the unemployment number may have been as much as a point higher had it not been for persistent data-collection problems.
More timely data, also released by the Labor Department on Thursday morning, showed that 1.4 million Americans filed new claims for state unemployment benefits last week.
While that remains below its all-time peak. when the pandemic first hit, it still remains historically high.
In addition, more than 800,000 filed for benefits under the federal Pandemic Unemployment Assistance program.
Economists had expected roughly 3 million jobs to be added and the employment rate to decline to 12.5%.
In The News
WASHINGTON (AP) — Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired. The Labor Department’s report Thursday marked the 20th straight week... Read More
WASHINGTON - Americans left jobless due to the COVID-19 pandemic could soon gain greater economic peace of mind thanks to a bill introduced Monday by Reps. Don Beyer, D-Va., and Derek Kilmer, D-Wash. The Worker Relief and Security Act ties expanded unemployment benefits to the current... Read More
WASHINGTON — With a $600-a-week unemployment benefit expiring this week, senior White House aides continued to suggest Sunday that a jobless benefit that was too generous would discourage people from going back to work. The officials said a short-term stopgap bill might be needed to keep... Read More
WASHINGTON — After initial resistance from some Republicans, Congress is inching closer to an agreement to extend at least some of the $600-a-week federal unemployment insurance subsidy approved this spring to help American workers hurt by the coronavirus crisis. When they return next week to begin... Read More
WASHINGTON - More than 1.3 million Americans applied for unemployment benefits last week, a pace that suggests employers continue to lay people off in the face of a resurgent coronavirus. The Labor Department said Thursday that the number of jobless benefits claims did decline from 1.4... Read More
WASHINGTON — The Supreme Court on Wednesday banned teachers who work at church-run schools from filing discrimination lawsuits against their employers, ruling that the Constitution’s protection for religious liberty exempts church schools from state and federal anti-discrimination laws. The justices, by a 7-2 vote, shielded two... Read More