U.S. stocks jumped Thursday after the June employment report showed the economy added more jobs than expected, reassuring investors that the economic recovery is continuing.
The U.S. gained 4.8 million jobs last month, while the unemployment rate ticked down to 11.1% from 13.3% in May. That marked the second month in a row that employers added jobs since massive waves of layoffs gripped the country earlier in the coronavirus pandemic. Both figures beat the expectations of economists surveyed by The Wall Street Journal.
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