AP Explains: 5 key takeaways from a strong June jobs report
(WorldNews Business)

WASHINGTON (AP) — At first glance, the June employment report was a blockbuster. The U.S. economy produced a record 4.8 million added jobs last month, walloping expectations. And the unemployment rate sank from 13.3% all the way to 11.1%. “Today`s announcement,` President Donald Trump declared Thursday after the report was released, `proves that our economy is roaring back.” Maybe. But most economists warn that the risks ahead outweigh the reasons to cheer as the economy and the job market struggle to emerge from a devastating meltdown triggered by the coronavirus. Further hiring gains are imperiled by a resurgence of COVID-19 cases throughout the South and West. And despite a solid rebound...