US created 4.8 million jobs in June, unemployment rate fell to 11.1%

The US economy created 4.8 million jobs in June and the
unemployment rate fell to 11.1%, as firms started reopening nationwide,
reported the US Bureau of Labor Statistics on Thursday.

Against the prediction of economists, who had anticipated  creation of 3
million jobs, the job creation in June amid the coronavirus pandemic was high
as many people returned back to their work, especially in the leisure and
hospitality sectors, which are among of the worst-hit.

However, another data by the Labour Department stated that towards
June-end job loss continued, as 1.43 million people claimed unemployment
benefits, slightly lesser than the previous week.

The surge in the cases of the coronavirus in the country has
raised fear for continued growth, as many businesses were shut again,
especially in southern and western states.

On an average, 1.5 million people were laid off a week over
the past four weeks in the US.

The report said that the improvements in the labor market
showed the resumption of economic activities which were put on a halt in March
and April due to the outbreak of coronavirus.

US is dealing with a severe unemployment crisis,  witnessing
a deep recession, where millions of people are dependent on the government for
survival.

Currently, there are 10.6 million who have been laid off temporarily, a decline of 4.8 million than earlier. While the leisure and hospitality
sectors have added 2.1 million jobs in June, the data said.  Meanwhile, the claims for unemployment benefits
stood at 19.3 million countrywide.