Recovery Act Subcontractor Monthly Jobs Report 1210 Form

Instructions and help about Recovery Act Subcontractor Monthly Jobs Report 1210

CREW HAVE BEEN RESCUED GUYS, BACK TO YOU. >> THANK YOU PHIL LeBEAU. >>> WELL, THE U.S. ADDED 850,000 JOBS IN JUNE BUT THE ECONOMY IS STILL DEALING WITH WHAT IS A LABOR SHORTAGE. OUR STEVE LIESMAN HAS THE STORY FOR US STEVE? >> GOOD MORNING, DAVID, YES, THE PAYROLLS EXPECTED STRONGER THAN EXPECTED, FOR THE FIRST TIME IN THREE MONTHS AND RAISING THE QUESTION WHETHER WE'RE FINALLY ON THE CUSP OF THE MASSIVE REBOUND, INCLUDING PEOPLE COMING BACK TO THE WORK FORCE THAT HAS BEEN EXPECTED OR THIS REPORT WOULD BE OUT, 508,000 WAS THE NUMBER 706,000 WAS EXPECTED UNEMPLOYMENT RATE THOUGH, 5.9%, ACTUALLY TICKING UP WITH AN INCREASE IN THE UNEMPLOYED, AVERAGE HOURLY EARNINGS A MODEST 0.3% BECAUSE OF LOW WAGE JOBS CREATED, AND THE LABOR FORCE PARTICIPATION RATE 61.6%. UNCHANGED. NO BIG RETURN TO THE WORK FORCE. LEISURE AND HOSPITALITY, THAT'S WHAT YOU WOULD EXPECT. 343,000 JOBS ADDED THERE AND GOVERNMENT COMING BACK 188,000. BUT STILL, WELL BELOW WHERE IT WAS BEFORE THE PANDEMIC. RETAIL A