The Labor Department reported today a record 4.8 million jobs were added in the month of June as the country continued to reopen and Americans returned to work.
The job gains resulted in the unemployment rate dropping to 11.1 percent, down from 13.3 percent in May. But despite the positive job growth, the Labor Department also reported that another 1.4 million Americans filed for unemployment benefits last week.
Hot Takes:
- President Trump held a press conference immediately after the report was released.
- It’s a step in the right direction, but the country still has a long way to go.
- The growth could be halted if the number of coronavirus cases in parts of the country continues to rise.