WASHINGTON (AP) — U.S. employers likely rehired several million more workers in June, thereby reducing a Depression-level unemployment rate, but the most up-to-date data suggests that a resurgent coronavirus will limit further job gains.
Economists have forecast that businesses, governments and nonprofits last month added 3 million jobs — a record high — and that the unemployment rate fell a full percentage point to 12.3%.
The predicted gain would be up from 2.5 million jobs in May.
Even so, the combined job growth for May and June would recover only a fraction of the 22 million jobs that were lost in March and April.
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