LABOR DEPT: Record 4.8 million in new jobs for June crushes expectations

Man finding   jobs

Man finding jobs

Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOM

U.S. economy adds 4.8 million jobs in June, vs expected increase of 2.9 million

Data released by the Labor Department on Thursday showed non-farm payrolls(new jobs) jumped by 4.8 million in June and the U.S. unemployment rate fell to 11.1% as the country continued its reopening from the coronavirus pandemic,

Many economists had been expecting a 2.9 million increase and a jobless rate of 12.4%.

Statistically, today's report of jobs growth marked a significant increases from the 2.7 million in May.

More: CNBC.COM

Newsradio WOOD 1300 and 106.9 FM · Grand Rapids News, Weather and Traffic

Listen Now on iHeartRadio

outbrain pixel