Adds 4.8 Million Jobs, Above Forecasts

Adds 4.8 Million Jobs, Above Forecasts - The rebound in the U.S. labor market accelerated in June as the economy reopened more broadly, before a pickup in coronavirus cases that puts additional gains in jeopardy.To get more news about WikiFX, you can visit wikifx news official website.   The June jobs report reflects a snapshot of mid-month conditions after a flurry of rehiring -- particularly at restaurants and retailers -- but before reopenings screeched to a halt amid rising virus cases around the country. That could slow or stall the rate of improvement in the labor market, with implications for President Donald Trumps reelection chances, as well as for the extension of a U.S. stock-market rally following the best quarter since 1998.   U.S. stocks opened higher following the data. Treasuries and the dollar were lower.   A separate report from the Labor Department showed initial applications for unemployment insurance in regular state programs fell by less than expected, to 1.43 million, in the week ended June


You May Also Like