After June Job Gains, Still a ‘Deep Hole,’ and New Worries

New York Times logoSome 4.8 million positions were added last month, but renewed shutdowns could accelerate the continuing layoffs.

Employers brought back millions more workers in June as businesses began to reopen across the country. But the recent surge in coronavirus cases is threatening to stall the economic recovery long before it has reached most of the people who lost their jobs.

\U.S. payrolls grew by 4.8 million in June, the Labor Department said Thursday. It was the second month of strong gains after April’s huge losses, when businesses laid off or furloughed tens of millions of workers as the pandemic put a large swath of economic activity on ice.

The job growth surpassed economists’ forecasts, and it was broad based, cutting across industries and demographic groups. Continue reading.