Employment remains below pre-pandemic levels, and as recently reopened businesses re-close, more job losses are on the way.
The diffusion index, a measure of the breadth of job gains across industries, jumped for the second month in a row.
In other words, these June numbers might not tell the whole story as the U.S. sees unprecedented numbers of COVID-19 infections.
Chalk it up to parts of the economy reopening.
Businesses that received CARES Act loans had to rehire workers to have those loans forgiven. But what happens next for America's job market?
The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added
Since the crisis started, more than 33 million people have filed for unemployment.
We're already seeing the biggest one-month rise in unemployment since 1975.
Today's jobs report breaks a more than 9-year streak of job gains.