This is really good news no matter who you voted for. The 850,000 new jobs is in addition to the economy having more openings now that we did pre-pandemic. Wages are rising as well. It’s basically a triple play of great news.
Seems like we are at the beginning of another double digit year economic expansion. Fingers crossed.
Anxieties over a lag in hiring lifted on Friday as the government reported that employers added 850,000 workers in June, the largest monthly gain since last summer.
Wages jumped for the third month in a row, a sign that employers are trying to attract applicants with higher pay and that workers are gaining bargaining power.
Rising Covid-19 vaccination rates and a growing appetite for travel, dining out, celebrations and entertainment gave a particular boost to leisure and hospitality businesses. The biggest chunk of June’s gains — 343,000 — could be found there.
Seems like we are at the beginning of another double digit year economic expansion. Fingers crossed.
U.S. Added 850,000 Jobs in June, and Wages Rose (Published 2021)
The resurgent economy delivered the strongest one-month employment gain since last summer, the latest promising signal about the recovery.
www.nytimes.com
Anxieties over a lag in hiring lifted on Friday as the government reported that employers added 850,000 workers in June, the largest monthly gain since last summer.
Wages jumped for the third month in a row, a sign that employers are trying to attract applicants with higher pay and that workers are gaining bargaining power.
Rising Covid-19 vaccination rates and a growing appetite for travel, dining out, celebrations and entertainment gave a particular boost to leisure and hospitality businesses. The biggest chunk of June’s gains — 343,000 — could be found there.
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