Trish Reacts: U.S. Economy Adds 372,000 Jobs In June

The U.S. economy added 372,000 jobs in June, exceeding expectations.


CHECK OUT TRISH REGAN’S PODCAST HERE.

The Bureau of Labor Statistics released the jobs data, which reports an unemployment rate of 3.6%.

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“The unemployment rate was 3.6 percent for the fourth month in a row, and the number
of unemployed persons was essentially unchanged at 5.9 million in June,” BLS said. “These measures are little different from their values in February 2020 (3.5 percent and 5.7 million, respectively), prior to the coronavirus (COVID-19) pandemic. Among the major worker groups, the unemployment rate for Asians increased to 3.0 percent
in June. The jobless rates for adult men (3.3 percent), adult women (3.3 percent),
teenagers (11.0 percent), Whites (3.3 percent), Blacks (5.8 percent), and Hispanics
(4.3 percent) showed little or no change over the month.”

Meanwhile, inflation remains at the highest level in decades and gas prices are much higher than this time last year.


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