Economists expect the US added 3 million jobs and that the unemployment rate declined in June. Here’s what to watch in Thursday’s report.
John Sommers II/Getty Images
The June nonfarm payrolls report will be released Thursday, July 2, from the Labor Department.
Economists surveyed by Bloomberg expect that the US economy added 3 million payrolls in June and that the employment rate declined to 12.5%.
If the report is in line with expectations, it will be the second month of jobs added since the US lost a record 20.5 million payrolls in April due to the coronavirus pandemic.
Visit Business Insider’s homepage for more stories.
Businesses in June likely continued to hire as most states across the US went forward with reopening plans following coronavirus-pandemic lockdowns earlier in the year.
Economists surveyed by Bloomberg expect that the US economy added 3 million jobs in June after adding 2.5 million in May, and that the unemployment rate declined to 12.5%. The report is due Thursday, instead of the usual first Friday of the month, because of the Independence Day holiday. See the rest of the story at Business Insider
A key labor-market ratio has tumbled near record lows — and Deutsche Bank’s top economist says the US has to create a whopping 30 million jobs to reach a new all-time highJob losses are 4 times worse for the lowest-paid workers so far in the coronavirus pandemic, study showsUS weekly jobless claims hit 1.5 million, higher than economist forecasts
Original Source: feedproxy.google.com
Visited 252 Times, 1 Visit today