The US labor market is recovering 'at a healthy pace' so far in June, Fed study shows
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The US labor market is continuing to show positive signs of recovery in June, researchers at the St. Louis Federal Reserve found.
US employment January through June 5 is down about 8.75%, St. Louis Fed senior economist Maximiliano Dvorkin and research assistant Asha Bharadwaj estimated in a Tuesday blog post.Visit Business Insider's homepage for more storiesThe US labor market in June has continued to show healthy signs of recovery from the depths of the coronavirus pandemic, researchers at the St. Louis Federal Reserve found.
US employment January through June 5 is down about 8.75%, St. Louis Fed senior economist Maximiliano Dvorkin and research assistant Asha Bharadwaj. That means that employment has made up roughly half of the 15.08% decline notched in mid-April at the height of the coronavirus pandemic. To gauge how the US labor market has continued to rebound, the economists used daily employment data from Homebase, an employee scheduling and time-tracking tool that's mostly used by small and local businesses, predominantly in restaurant, retail, and service industries. Read more:
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