Print U.S. nonfarm payrolls added 850,000 jobs in June after a gain of 583,000 in May. April and May had net upward revisions of 15,000. The June gain is the sixth in a row and 13 th in the last 14 months, bringing the six-month gain to 3.256 million and the 14-month post-plunge recovery to 15.598 million. This is still well below the 22.362 million combined loss from March and April of 2020, leaving nonfarm payrolls 6.764 million below the February 2020 peak (see first chart). If payrolls continue to grow at the average over the last six months […]
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