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'We are still in a deep economic hole': 5 economists explain why the June jobs report is weaker than it appears

1 month ago   |   By Business Insider

The June jobs report released Thursday by the Bureau of Labor Statistics beat economist estimates by showing more jobs were added than expected.
In addition, the unemployment rate declined more than economists expected.
Still, economists warn that the report only captures data from the first half of June, before spiking coronavirus cases led states to pause or roll back reopenings.
Here's what five economists and strategists had to say about the June jobs report, and what it could mean for the recovery going forward.
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