U.S. Record Largest Jobs Gain in 10 months
In the news
Looks like companies in the U.S. hired the most workers in 10 months in June, raising wages and offering incentives to entice millions of unemployed Americans sitting at home, in a tentative sign that a labour shortage hanging over the economy was starting to ease.
The U.S. Labor Department’s employment report on Friday showed 151,000 people entered the labour force last month, though the proportion of working-age Americans who have a job or are looking for one did not budge from the tight range it has been in since June 2020.
