Economy adds back 850,000 payrolls, unemployment rate ticks up to 5.9%

Economy adds back 850,000 payrolls, unemployment rate ticks up to 5.9%

The U.S. economy added back jobs for a sixth straight month in June, with job growth picking up speed alongside the reopening economy. 

The U.S. Labor Department released its June jobs report Friday morning at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg:

  • Change in non-farm payrolls: 850,000 vs. 720,000 expected and an upwardly revised 583,000 in May

  • Unemployment rate: 5.9% vs. 5.6% expected and 5.8% in May 

  • Average hourly…


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