as local authorities roll back efforts to return to pre-pandemic normal and businesses are forced to shut down again.The employment creation in June was far higher than economists were expecting, and showed the rapid pace of gains as people who were laid off returned to their jobs.
But a separate Labor Department report showed job losses continued, as 1.43 million people filed initial claims for unemployment benefits last week, only slightly less than the prior week."The claims numbers cannot be an afterthought. They indicate the extent to which companies and governments continue to shed workers," economist Joel Naroff said in an analysis on Wednesday, July 1.
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