JOB GAINS IN MAY & JUNE DON’T COME CLOSE TO REPLACING JOBS LOST IN MARCH & APRIL
NEW YORK (July 2, 2020) -- The Bureau of Labor Statistics report issued today tracks an economy slowly pulling out of a deep pandemic-generated recession, but in grave danger of backsliding into an even worse situation.
The 4.8 million jobs recovered in June, added to 2.7 million jobs recovered in May, don’t even equal a third of the 22.2 million jobs lost in March and April.