UN Employement

US Adds 4.8 Million Jobs as Unemployment Falls to 11.1%

Credit and debit card data tracked by JPMorgan Chase show that consumers reduced their spending last week after having increased it steadily in late April and May. The reversal has occurred both in states that have reported surges in Covid-19 and in less affected states, said Jesse Edgerton, an economist at J.P. Morgan.