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U.S. job gains surge, easing pressure on Biden over labor market

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

The U.S. economy added 850,000 jobs in June, a strong showing after two disappointing months of employment growth that had sparked criticism from Republicans that the Biden administration was stifling a labor market revival. The report from the Labor Department marked a significant improvement over May’s 583,000 net job gain and beat Wall Street expectations of about 700,000. The unemployment rate was little changed at 5.9 percent. “Things are picking up. All that employer demand is turning into jobs and higher wages for many workers,” wrote Nick Bunker, economic research…

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