U.S. Bureau of Labor Statistics just released the June 2020 unemployment rate as 11.1% down from May’s rate of 13.3%. Employment in June increased by 4.8 Million jobs.

Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate fell to 11.1 percent. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic. U.S. Bureau of Labor Statistics

It should be interesting how the ‘mainstream media’ spins this very good news. I suspect the stock market will go up however, not as much as this good news should warrant. The reason being that the resurgence of the Chinese virus uptick in positive tests. Yes, positive cases are here however, hospitalizations are level and deaths continue to fall.

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