U.S. unemployment fell to 11.1 percent in June as the economy added a solid 4.8 million jobs, the government reported Thursday. The re-closings are keeping layoffs elevated: The number of Americans who sought unemployment benefits fell only slightly last week to 1.47 million, according to a separate report. And the total number of people who are drawing jobless benefits remains at a sizable 19 million. The number of laid-off workers seeking jobless benefits rose last week in Texas, Arizona and Tennessee. That’s more people than were seeking unemployment benefits in the entire country before the outbreak took hold in March.-AP

Source: The Standard July 02, 2020 14:48 UTC