• This chart shows which industries had the biggest job gains in June

    24 days ago - By Business Insider

    A waitress takes an order from a customer at the reopening of Langer's Delicatessen-Restaurant in Los Angeles on June 15, 2021.
    FREDERIC J. BROWN/AFP via Getty Images
    The US added 850,000 nonfarm payrolls in June.
    Leisure and hospitality added 343,000 jobs, the most of any major industry sector.
    The construction and financial activities industries both saw another month of job losses.
    See more stories on Insider's business page .
    June was another month of large employment gains for the leisure and hospitality industry. The US added 850,000 nonfarm payrolls in June according to the latest...
    Read more ...

     

  • The jobs recovery surged forward in June, but not for Black Americans

    24 days ago - By Business Insider

    Black Americans are not finding employment as fast as whites, per the latest jobs report.
    The Black unemployment rate stands at 9.2%, nearly double the white jobless rate.
    Experts say it threatens to widen the wealth gap between Blacks and whites.
    See more stories on Insider's business page .
    The pace of the nation's economic is continuing to gain momentum. On Friday, the latest jobs report showed the US regained 850,000 jobs in June, a sharp increase from the previous month and significantly above economists' expectations. But the accelerating recovery obscures a troubling sign: the...
    Read more ...

     

  • Leisure and hospitality workers got a ton of jobs in June - and they got a raise

    24 days ago - By Business Insider

    Noam Galai/Getty Images
    Leisure and hospitality added 343,000 payrolls in June, making up 40% of total job gains.
    The June jobs report also showed higher wages for those workers, suggesting pay increases are helping hiring.
    But wages in the sector are still recovering from the hit caused by the coronavirus recession.
    See more stories on Insider's business page .
    The June jobs report added 850,000 payrolls, going beyond expectations as the economy continues to recover from the pandemic. A large chunk of the big jobs gain came from leisure and hospitality, and the reason for this likely...
    Read more ...

     

  • US stocks extend record highs as investors digest surprisingly strong June jobs report

    24 days ago - By Business Insider

    Lucas Jackson/Reuters
    The S&P 500 on Friday heads toward a new record high after a robust June jobs report.
    Blue-chip and tech stocks also rose after US data showed the creation of 850,000 jobs last month.
    Stock trading will be closed Monday for Independence Day.
    See more stories on Insider's business page .
    US stocks jumped higher Friday, aiming for a seventh straight day of record highs after the June jobs report indicated accelerating growth in the labor market of the world's largest economy which as it recovers from the coronavirus pandemic. All three of Wall Street's main benchmark...
    Read more ...

     

  • June jobs report trounces expectations with 850,000 payroll gains as labor-market recovery picks up

    24 days ago - By Business Insider

    Ray Liberge, 48, left, of Lawndale, talks to Jacky Estrada, Human Resources Manager for the Zislis Group, while going through the hiring process after getting hired as a line cook at RockN Fish in Manhattan Beach, during a job fair at The Brews Hall in Torrance.
    Mel Melcon/Los Angeles Times/Getty Images
    The US added 850,000 payrolls in June, beating the median estimate of a 720,000-payroll gain.
    The unemployment rate rose to 5.9% from 5.8%. The median estimate was for a drop to 5.6%.
    The increase is the largest since August and marks a sixth straight month of payroll additions.
    See more...
    Read more ...