UPDATE: President Trump held a press briefing at the White House and reacted to the numbers.
Consumer confidence is up and 80 percent of small businesses are now open! pic.twitter.com/MOkEaO4NZR— The White House (@WhiteHouse) July 2, 2020
A look at June's HISTORIC jobs numbers:— The White House (@WhiteHouse) July 2, 2020
2.1 million leisure & hospitality jobs
740,000 retail jobs
568,000 education & healthcare jobs
357,000 service jobs
356,000 manufacturing jobs
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The jobs numbers for June are in and they've blown way past expectations with 4.8 million positions created.
"Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate declined to 11.1 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it. In June, employment in leisure and hospitality rose sharply. Notable job gains also occurred in retail trade, education and health services, other services, manufacturing, and professional and business services," the Labor Department released Thursday morning.
Check out how Morning Joe's graphic rounds up the 2.9 million estimated new jobs to 3 in what can only be viewed as an effort to put a damper on the Great American Comeback going on under @realDonaldTrump.— Steve Guest (@SteveGuest) July 2, 2020
The BIG NEWS: 4.8 MILLION jobs added in June.
Smashing expectations. https://t.co/Bv3d9aX1r4
June Jobs Report CRUSHES! 4.8M Americans Went Back to Work Last Month. #Jobs!— Melissa Francis (@MelissaAFrancis) July 2, 2020
Ops We Did It Again!!!!!!!!!!!!!!!!!!— Charles V Payne (@cvpayne) July 2, 2020
June Jobs Report Blows Away Consensus
4.8 million Americans Went Back to Work Last Month
We. Are. Going. To. Win
The numbers come while governors across the country reinstitute shutdown orders as Wuhan coronavirus cases increase. Many businesses are refusing to shut down again, citing arbitrary reasons given by the government.