Breaking: U.S. added 850,000 jobs in June, beating expectations

Job growth in April and May, while not anemic, fell well below the hopes that more than one million jobs could be added per month in the spring. Economists surveyed by Dow Jones expected about 700,000 jobs to be added in June, as the economy continues to chip into the deficit of 7.5 million less jobs that country has filled than before the pandemic... Economists continue to look to the leisure and hospitality sector — still down more than a million jobs from before the pandemic — for signs of a reawakening jobs market, as caseloads remain low and vaccination rates continue to crawl upwards. Air travel has climbed significantly in recent months and the Fourth of July weekend is expected to continue the trend. According to an estimate by AAA, travel for the holiday is expected to increase by 40 percent compared to last year and nearly reach pre-pandemic levels, with an estimated 47.7 people traveling.
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