U.S. added record 4.8 million jobs in June

U.S. employers added a record 4.8 million jobs in June, the Labor Department reported Thursday.

The gains smashed economists’ expectations of an increase of 3 million.

It was the second month with millions in job growth following huge losses in April, when coronavirus lockdowns peaked.

The June hiring brought the unemployment rate to 11.1 percent, down from a peak of 14.7 percent in April but still higher than any period between World War II and the start of the coronavirus crisis.

Even after two months of private-payroll gains, there were almost 15 million fewer jobs in June than in February, and the June data was compiled before a coronavirus spike in the South and West that has prompted some states to halt or roll back their reopenings.

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