July 2, 2020

US EMPLOYMENT POWERS AHEAD IN JUNE, BUT NEW COVID OUTBREAKS CAST RECOVERY DOUBTS

Share on facebook
Share on twitter
Share on linkedin
Share on email

In Short

In June the US economy added 4.8 million of jobs, bringing the unemployment rate down to 11.1%.
US EMPLOYMENT POWERS AHEAD IN JUNE, BUT NEW COVID OUTBREAKS CAST RECOVERY DOUBTS
Share on facebook
Share on twitter
Share on linkedin
Share on email

Highlights:

  • The better than expected pace of job creation (+4.8m vs. +3m cons.) brought the unemployment rate back to 11.1%. Employment gains were particularly strong in sectors that reopened as restrictions were lifted. However, data collection took place before the new outburst of COVID in several states.
  • Higher frequency indicators like weekly jobless claims and daily mobility point to a slowdown in job creation. Recent evidence of another wave of cases in several large states points to downside risk.

Download the full publication below

US EMPLOYMENT POWERS AHEAD IN JUNE, BUT NEW COVID OUTBREAKS CAST RECOVERY DOUBTS

Also interesting

China-flag-with-indicators-and-chart
April 16, 2021
Market Commentary

China’s Q1 GDP growth: Strong year-on-year growth amid weak momentum

size 3
April 15, 2021
Market Commentary

COVID-19 UPDATE Facts & Figures

brainstorming-concepts
April 15, 2021
Press Releases

Generali Investments Partners: Sycomore AM funds now available through CheBanca!