Jobs & Unemployment
25 states added jobs in June, the biggest monthly increase since Aug. 2020
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National unemployment rate increased from 5.8% to 5.9%, 40 states maintained a stable rate compared to May.
Home construction is increasing since the Great Recession but still down 55% from 2006.
The price increases account for 19% of increasing value since 1991.
According to Department of Agriculture data, 32% of Memphis, Tennessee, residents are low-income and live in areas with insufficient access to groceries.
Fewer Americans are short on adequate food than during the worst parts of the pandemic, according to recent survey data from the US Census Bureau. However, food scarcity has risen since falling to 8% in April.
The unemployment rate fell from 6.1% to 5.8% as job growth picked back up. There were 496,000 fewer unemployed Americans in May compared to April.
Health care has grown the most, accounting for one in seven jobs in 2020 and 7% of GDP.
While overall inflation is not at Great Recession levels, prices for some items have risen sharply over the past year. Used car prices rose 10% from March, the largest one-month increase since data began in 1953.
Employers added 266,000 jobs in April, a third of the number created in March. Meanwhile, the labor force participation rate rose slightly, indicating that more Americans are in the job market.
As of April 29, 44% of Americans have received at least one dose of a COVID-19 vaccine. President Biden signed 41 executive orders, 10 memoranda, and the American Rescue Plan Act into law.
