U.S. Jobs Jump By Most In 10 Months As Economy Gains Steam—The pace of U.S. hiring accelerated in June, suggesting firms are having greater success recruiting workers to keep pace with the economy’s reopening.
The U.S. economy added back another more than half a million jobs in May, with employment accelerating from April but still missing estimates even as the jobless rate slid to a new pandemic-era low.
The manufacturing economy grew in April and the overall economy showed an 11th consecutive month of growth, according to the Institute for Supply Management’s monthly Manufacturing ISM Report on Business.
The U.S. jobs rebound picked up steam last month, fueled by the accelerating pace of vaccinations and a new injection of federal aid. The unemployment rate fell to 6%, down from 6.2% in February.
Orders to U.S. factories for big-ticket goods shot up 3.4% in January, pulled up by surge in orders for civilian aircraft. A category that tracks business investment posted a more modest gain, the Commerce Department reported on February 25.
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Growth and change have been continuous for O'Neal Industries, a trend expected to continue for this large private company.
The U.S. economy resumed adding back more jobs than it lost in January, as easing stay-in-place restrictions and fiscal stimulus measures out of Washington alleviated some of the pressure on the labor market.
The Federal Reserve dialed up its economic expectations slightly for the end of this year as well as for 2021, according to the central bank’s Summary of Economic Projections released on December 16.
