JUST IN: Another 1.4 million workers filed for unemployment insurance in the last week, as the unemployment rate fell slightly to 11.1% in June, according to data released by the Department of Labor.
"The jobs report is going to be a piece of nostalgia from the world of three weeks ago, but we are in a different world today, which will be reflected in terms of the unemployment numbers," he said.
A man walks past a retail store that is going out of business due to the coronavirus pandemic in Winnetka, Ill., June 23, 2020. As the pandemic and its resultant economic crisis rages on,"the single hardest-hit industry was the hospitality industry," Harris said.The travel industry, including hotels, airlines, cruise ships and more, also took a major hit, he added.
A pedestrian wearing a mask walks past reader board advertising a job opening for a remodeling company, in Seattle.
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