Non-farm payrolls rise; rising infections may stall recovery

02 July 2020

 

Summary: June non-farm payrolls increase exceed gains in May; jobless rate down, participation rate up; US economy “getting back to work”; stalled openings, renewed restrictions may slow future recovery; underemployment rate lower but still high.   The US economy ceased producing jobs in net terms as infection controls began to be implemented in March. The unemployment rate had been around 3.5% but that changed as job losses began to surge...

read full story