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Strong Jobs Report Amid More Closings

Strong Jobs Report Amid More ClosingsU.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new round of closings and layoffs triggered by a resurgence of the coronavirus.

While the jobless rate was down from 13.3% in May, it is still at a Depression-era level. And the data was gathered during the second week of June, before a number of states began to reverse or suspend the reopenings of their economies to try to beat back the virus.

Read on Inquirer.com

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