The labor market is continuing steadily on its path to recovery, marked by a major jobs increase in the month of June. The American economy added 850,000 jobs this past month – about as much as April and May’s numbers put together (269,000 jobs and 583,000 jobs, respectively). Notable job gains for the month occurred in the leisure & hospitality industry as the country sustains its efforts to return to pre-pandemic staffing levels in all sectors, especially those hardest hit by the pandemic. The unemployment rate increased slightly, from 5.8 to 5.9%.
Let’s take a look