From WSJopinion: It’s hard to read Thursday’s labor report as anything but good news, writes The Editorial Board. Businesses are willing to hire, and Americans want to return to work, if government will let them.
The media’s grim reapers continue to predict catastrophe from the Covid-19 resurgence, but it’s hard to read Thursday’s labor report as anything but good news. The U.S. economy beat forecasts as employers added 4.8 million jobs in June while the unemployment rate fell to 11.1% from 13.3% in May. Businesses are willing to hire, and Americans want to return to work, if government will let them.
Private employment has increased by eight million since April, meaning about 40% of employees who lost jobs during the pandemic lockdowns...
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