Home Economy The US economy added 850,000 jobs in June

The US economy added 850,000 jobs in June

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It was the biggest monthly jobs gain since August 2020, when the economy added 1.6 million jobs.

The hospitality and leisure sector grew the strongest, having the most ground to cover after the pandemic devastated the travel and service industries. That sector added 343,000 jobs. More than half of them were at restaurants and bars.

The number of education jobs also surged in June. Local governments saw a jump of 155,000 jobs, state governments jobs increased by 75,000 while private education positions were up by 39,000. The sector has seen a lot of fluctuation during the pandemic, distorting its seasonal patterns, making it harder to see what’s actually going on from month to month.

Nevertheless, was a “bright” jobs report, even though there is still plenty to worry about, wrote Kate Bahn, interim chief economist at the Washington Center for Equitable Growth, in a tweet. It “just means it’s good foundation to grow,” she added.
America’s once-strong labor…

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