Jobs bounce back … but not fast enough

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Jobs bounce back… but still not enough — The June jobs report at 850K was a relief after two crummy months. The report is likely to ease some pressure on President Joe Biden over the labor market’s slower-than-expected recovery. The GOP has hammered Biden over generous federal jobless benefits, which governors and lawmakers say are among the reasons workers have been reluctant to reenter the market.

While the June jobs figure would be considered outstanding during normal economic times, it is still nowhere near the kind of growth needed to quickly restore the jobs that remain missing since Covid slammed the U.S. in the spring…

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