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The U.S. economy added a more-than-expected 4.8 million jobs in June. Yet nearly 20 million Americans remain out of work.
The June jobs report brings to a close the first half of 2020 with the same dissonant note that has been so familiar during this extraordinary year. The coronavirus pandemic, which has sickened 2.6 million Americans and killed over 128,000, brought swaths of the U.S. economy to a virtual halt and threw it into recession, knocking the S&P 500 down 34% into a bear market. The stock market then called the…
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Read More: For the Economy and Stock Markets, Expect a Second Half of Fits and Starts
