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Jobs Increase

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Jobs increased by 4.8 Million in June, following unemployment decline in May. U.S. unemployment fell to 11.1 percent in June,according to the U.S. Bureau of Labor Statistics. This past month, the economy added 4.8 million jobs—a strong comeback following a decline of 1.3 percent in May’s unemployment figure. According to the jobs report, gains primarily occurred in the leisure and hospitality sectors; however, several other industries experienced noticeable job increases as well: retail, trade, education, health services, manufacturing and professional and business services. While unemployment could spike again following reports of states that are continuing to battle a resurgence of COVID-19 cases, industry professionals say consumer confidence remains strong and the real estate markets continue to recover.

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