A predicted surge in US job growth for June might not last

FILE - In this June 4, 2020 file photo, a pedestrian wearing a mask walks past a reader board advertising a job opening for a remodeling company, in Seattle. U.S. companies added nearly 2.4 million jobs in June, according to a private survey, a large gain that still leaves the job market far below its pre-pandemic levels. The payroll company ADP said that small businesses reported the largest gain, adding 937,000 jobs.

Economists have forecast that businesses, governments and nonprofits added 3 million jobs — a record high — and that the unemployment rate fell a full percentage point to 12.3%, according to data provider FactSet. The predicted hiring gain would be up from Nationwide, card spending fell nearly 13% last week compared with a year ago. That was worse than the previous week, when year-over-year card spending had declined just under 10%., a provider of time-tracking software for small businesses, shows that the number of hours worked at its client companies has leveled off after having risen sharply in May and early June. Business re-openings have also flattened.

Economists have long warned that the economic benefits of allowing businesses to reopen would prove short-lived if the virus wasn’t brought under control. Until most Americans feel confident enough to dine out, travel, shop or congregate in groups without fear of infection, restaurants, hotels and retailers won’t have enough demand to justify rehiring all their previous workers.

AP reports an actual fact and then adds a future speculation as part of their narrative. I didn’t know AP could predict the future so accurately.

Ha ha. The media sounds so dour and hopeful for more job losses. Sorry realDonaldTrump is succeeding for AMERICA!

Right on cue, it would seem.

That’s an optimistic headline. You could’ve gone with: “Latest Jobs Report shows slight employment gains coincided with re-openings. However 15 million still without jobs since coronavirus began. Numbers also lag behind major coronavirus resurgence that shut states down again.”

Why are you capitalizing B in black?

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