JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
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By November, the economy will be roaring once again, and unemployment will be below 5%.
So employment is almost aback to pre-pandemic levels, with only another 3 million to go.
Happy Days are here again!
Private Payrolls Estimated To Rise by 2.37 Million in June, Huge Upward Revision for May
A total of 5.37 million jobs added in May and June.| Economy
www.breitbart.com
U.S. private payrolls increased by 2.369 million in June, the ADP National Employment Report showed on Wednesday.
Data for May was revised up to show a 3.065 million rise in payrolls, instead of the previous estimate of a 2.76 decline.
Blowout: The U.S. Economy Added 4.8 Million Jobs in June, Unemployment Fell to 11.1%
Economists had forecast the U.S. adding 3 million jobs in the month. | Economy
www.breitbart.com
The U.S. economy added 4.8 million jobs in June and the unemployment rate fell to 11.1 percent, both better than expected.
The increase in the ranks of employed workers shows that companies ramped up hiring as the economy reopened and consumers came back to stores, restaurants, and other businesses that had been shuttered in March and April.
Job growth was strong in restaurants and bars, reflecting the reopening of those establishments across the country, which added 1.5 million jobs, the Labor Department said Thursday. But employment remains 3.1 million below February’s level, the month before the pandemic hit the U.S. economy.
So employment is almost aback to pre-pandemic levels, with only another 3 million to go.
Happy Days are here again!