June adds 850K #jobs post #COVID19 , #unemployment trickles up 5.9% ~ @BLS_gov

Courtesy: Daniel Quintanilla

The Bureau of Labor Statistics today reported a significant amount of jobs added for the month of June as even more parts of the country have gone full capacity and kicking off the true return of Summer after the COVID19 pandemic, 850,000 were added in every sector imaginable, especially leisure and hospitality, plus public and private education, professional and business services, retail trade, and other services.

The nation’s unemployment rate had little to change on, even its 0.1 percent increase to 5.9 percent from 5.8 percent last month wasn’t much to sneeze at, and the nation’s figure of those unemployed was at 9.5 million, it’s far better than April 2020 where job addendum was 20.5 million in the negative with 14.7 percent unemployment, but these latest June 2021 numbers are still above pre-pandemic levels of 3.5 percent and 5.7 million jobs added back in February 2020, but each month starting this past April has shown more jobs added as more people get vaccinated and COVID19 restrictions are lifted.

More signs that were heading back to the time of February 2020 came Thursday as the United States Department Of Labor reported that only 364,000 weekly initial unemployment claims were filed, aiming closer to 256,000 reported back on March 14, 2020, and the insured unemployment rate at 2.5 percent, with the figure of insured unemployment at 3,469,000.

Daniel Quintanilla

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