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WASHINGTON The U.S. job market is storming into summer. Job creation and wages rose sharply in June. And more and more Americans are confident enough to quit their jobs and look for a better one.
In the strongest gain since August, employers added 850,000 jobs last month. And average wages rose a healthy 3.6% from a year earlier, a sign that businesses need workers so badly they’re willing to ramp up pay.
The June jobs report did contain one conspicuous blemish: The unemployment rate actually ticked up last month. But many economists wrote that off as a technical blip.
With vaccinations still increasing, the number of new COVID-19 cases has plummeted to an average below 12,000 a day down dramatically from around 250,000 in early January. The brightening health picture has allowed businesses to increasingly reopen and has encouraged formerly cooped-up consumers to rush out to restaurant
5 key takeaways from June unemployment report
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EXPLAINER: 5 key takeaways from the June jobs report
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EXPLAINER: 5 key takeaways from the June jobs report
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