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Hiring surged in June despite inflation, with 372,000 jobs created
CBSN
Hiring stayed strong in June despite persistent inflation and worries about a coming recession. Employers added 372,000 jobs, the Labor Department said Friday, surpassing the 270,000 economists had expected.
The unemployment rate remained at 3.6%, close to its pre-pandemic low.
"Today's jobs report is a milestone marking a more-than-full recovery in private-sector employment," Julia Pollak, labor economist at ZipRecruiter, said in a note. "Employment gains were surprisingly broad-based, with gains even in those industries that tend to be most sensitive to interest rate hikes."
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As vaccination rates decline, widespread outbreaks of diseases like measles and polio could reemerge
Health officials in western Texas are trying to contain a measles outbreak among mostly school-aged children, with at least 15 confirmed cases. It's the latest outbreak of a disease that had been virtually eliminated in the U.S., and it comes as vaccination rates are declining — jeopardizing the country's herd immunity from widespread outbreaks.