U.S. jobless claims rise more than expected, 4.8 million jobs addedChristian Fernsby ▼ | July 2, 2020
The number of Americans filing for unemployment benefits for the first time rose more than expected last week as a resurgent coronavirus added pressure to the U.S. economy.
America U.S. unemployment
Topics: U.S. jobless jobs
In a separate report, the Labor Department said 4.8 million jobs were added in June, but that survey was taken in the middle of the month and likely doesn’t reflect the reopening pauses and rollbacks of some states recently. Stock futures jumped as investors chose to focus on the much better than expected monthly report. ■