The latest jobs report from the United States Bureau of Labor Statistics showed the U.S. added 850,000 jobs in June as hiring rebounded, according to an Associated Press report. The report points to employers having an easier time filling open jobs and that the reopening of the economy is propelling a powerful recovery from the pandemic recession. Restaurant traffic across the country is nearly back to pre-pandemic levels, and more people are shopping, traveling, and attending sports and entertainment events.
Additionally, the number of people flying each day has reached about 80% of its pre-COVID-19 level. The report also suggested that American workers are enjoying an upper hand in the job market as companies, desperate to staff up in a surging economy, dangle higher wages. In June, average hourly pay rose a solid 3.6% compared with a year ago. The U.S. unemployment rate is now at 5.9% with 9.3 million jobs open.
