U.S. Economy: June Jobs Report Reality Check

The latest jobs report shows a stunning 4.8 million jobs were added back into the economy in June. That's on top of 2.5 million jobs that were added in May. Both represent the two biggest monthly gains in U.S. history. Although they "shattered expectations" as the White House wrote in a headline, there's more to know about the status of the current job market. The COVID-19 pandemic that shut down our economy put 22.2 million people out of work during the first two months of the crisis. The addition of 8.3 million jobs in the last two months is an impressive turnaround, but it still leaves millions of formerly employed people without a job. www.NewsForInvestors.com