SA: June jobs another blowout - 4.8M added

© Sergeyacros

SEEKING ALPHA reports:

– June nonfarm payrolls: +4.800M vs. +3.00M consensus and +2.699M previous (revised from +2.5M).

– Unemployment rate: 11.1% vs. 12.3% consensus and 13.3% previous.

– Labor force participation rate rose by 0.7 percentage points to 61.5%; it’s still 1.9 pp below its February level.

– Reflects continued resumption of economic activity that had been curtailed in March and April due to the coronavirus pandemic and efforts to contain it.

– Employment in leisure and hospitality rose sharply.

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Thanks.