This is the last Morning Jolt until July 6. Be safe, and enjoy Independence Day Saturday as much as you can.
On the menu today: some insanely good numbers on the jobs front, a long look at what ails this country, and how 2020 went so wrong for so many of us.
Maybe the Most Jaw-Droppingly Good Jobs Report in U.S. History
Holy smokes, this news is so off-the-charts good, at first glance people might think it is a misprint: The U.S. economy added 4.8 million jobs in the month of June, and the unemployment rate dropped from 13.3 percent to 11.1 percent. We knew that as lockdowns lifted and businesses reopened their doors, employers would bring back laid-off workers. Economists expected a little under 3 million.
Yes, we’re still far from where we were before the pandemic; a 20-million-job-loss month like we had in April is not going to be overcome quickly. And it’s possible that hiring may slow down, as more businesses temporarily shut down again in response to the recent COVID-19 resurgence, particularly in ...
Episode 127: Que Sera, Serra
