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The U.S. Economy Added 4.8 Million Jobs in June, Unemployment Fell to 11.1%

The U.S. Economy Added 4.8 Million Jobs in June, Unemployment Fell to 11.1%

The U.S. economy added 4.8 million jobs in June and the unemployment rate fell to 11.1 percent, both better than expected.

The government’s nonfarm payroll data, which covers both private and public sector workers, showed the economy gaining 2.5 million jobs in May, far more than expected and indicating an accelerated pace of the recovery.

The labor force participation rate increased by 0.7 percentage points in June to 61.5 percent, but is 1.9 percentage points below its February level.

Average hourly wages are up 5 percent compared with a year ago, although they fell 1.3 percent compared with May.

In states that are suffering the sharpest spikes in reported virus cases — Texas, Florida, Arizona and others — progress has reversed, with businesses closing again and workers losing jobs, in some cases for a second time.

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