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Posted: Jun 30, 2020 4:59 PM
Updated: Jul 2, 2020 9:30 AM


The US unemployment rate fell to 11.1% as the economy added a record 4.8 million jobs in June, the Bureau of Labor Statistics reported on Thursday.

The data was far better than economists predicted. The unemployment rate also fell more than expected.

It was the second-consecutive month of growth after more than 20 million jobs were wiped out in April during the coronavirus lockdown. The reopening of the economy is easing the burden on America's stressed labor market.

But the US economy remains in a deep recession, and a full job market recovery is far from certain. America is dealing with a severe joblessness crisis and millions of people are relying on government aid to make ends meet.

The Department of Labor reported Thursday that 1.4 million workers -- more than expected -- filed for first-time unemployment benefits last week. Continued claims, which count people filing at least two weeks in a row, stood at 19.3 million, slightly more than the revised number of the prior week.

This is a developing story. It will be updated

New York Coronavirus Cases

County data is updated nightly.

Cases: 2382450

Reported Deaths: 54983
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