Biggest jump in NFP but the average hourly earnings is falling apart pic.twitter.com/q8cQQaqob4
— Alessio Urban (@AlessioUrban) July 2, 2020
This is my first big takeaway from today's @BLS_gov report. Even as overall unemployment falls, the scale of permanent job loss is comparable to a "mild", 2001-03 recession pic.twitter.com/MgHMC8OIj6
— Guy Berger (@EconBerger) July 2, 2020
Temporary layoff unemployment continues to trend down, but more sustained job loss is ticking up pic.twitter.com/Gq9pXdq8Op
— Nick Bunker (@nick_bunker) July 2, 2020
Here we go. We added 4.8 million jobs in June, but our jobs level remains in absolute crisis—we lost so many jobs in March and April that we are still 14.7 million jobs below where we were in February. 1/
— Heidi Shierholz (@hshierholz) July 2, 2020
United States 🇺🇸adds 4.8 million jobs,much better than expected.
Unemployment rate falls to 11.1%
Wage growth +5% yoy despite -1.2% this month
Labor force participation rate improves to 61.5%
Continuing claims above estimates at 19.29mStill a lot to do to heal the labor market pic.twitter.com/TKxEhXPp6W
— Daniel Lacalle (@dlacalle_IA) July 2, 2020