02.07.2020 - 19:31 [ Yahoo.com ]

June jobs report: US economy adds better than expected 4.8 million payrolls, unemployment rate falls to 11.1%

The June jobs report came following a massive upside surprise in May, during which the economy unexpectedly added payrolls, when a loss of more than 7 million jobs had been expected. Estimates for the June payrolls gain spanned a wide range, though none of the more than 70 economists polled by Bloomberg ahead of time expected to see net job losses for June.