Jobs report for June shows 4.8 million jobs added, unemployment falls

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Source: Market Watch

U.S. stock-index futures added to gains on Thursday after a closely followed report on the health of the labor market showed that the U.S. added 4.76 million jobs in June and the unemployment fell to 11.1% from 13.3% in May, suggesting that the employment picture is improving after a stunning collapse due to the COVID-19 pandemic.

Meanwhile, a separate report showed that Americans filed for 1.43 million new unemployment claims in the latest week.

Source: Market Watch

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