Strong Jobs Report Confirms Recovery

Published Friday, July 2, 2021 at: 6:54 PM EDT

The U.S. created 850,000 new jobs in June, considerably more than the 680,000 expected and confirming the labor market recovery from the pandemic is progressing.  Historically, 95,000 new jobs per month are required to maintain a stable unemployment rate and keep up with population growth, and last month’s figure of 850,000 was the largest gain in 10 months. The economy lost about 21 million jobs in the pandemic.  Total employment in the U.S., also known as non-farm payroll employees, peaked at 153 million in February 2020, before plunging to 130 million in April 2020.  Since peaking in February 2020, the U.S. added...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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