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U.S. seen adding almost 4 million jobs in June — but is the momentum already fading?
Wall Street is divining an increase of nearly 4 million jobs in June as the U.S. recovers from the coronavirus lockdowns, but really, it’s anyone’s guess given the sheer magnitude of the pandemic’s reverberations. Here’s what to watch in the June employment report from the Labor Department due on Thursday morning. The report is being released a day early because of the July 4 holiday. The reopening of the U.S. in May and early June resulted in scores of people returning to work, but just how many is difficult to tell. The number of people applying for or collecting unemployment benefits has remained in the ... (full story)