Coronavirus: Record US job surge despite infection resurgence | Business News



The US economy created a record 4.8 million net new jobs last month as economists warn the country’s coronavirus recovery is at risk from a resurgence of infections.

Official figures – released a day earlier than usual because of a public holiday – showed a much bigger leap in re-hiring than financial markets than expected amid a continuing pick-up since April’s unprecedented collapse in employment.

The 4.8 million figure was the most jobs to be created in a single month since comparable records began in 1939.

However, the milestone prompted caution among commentators of a more gradual improvement ahead as new waves of coronavirus clusters hit the populous states of Florida, Texas and California – prompting a resumption in local restrictions on movement and the closure of bars.

The new measures – and their effect on employment – were not recorded in June’s figures because the jobs data was measured much earlier in the month.



Sky News