Stocks spike as jobs report blows past expectations

Fox Business | Jul 2, 2020 at 2:52 PM
  • U.S. equity markets rallied Thursday after the June jobs report showed the nation’s employers brought more workers on board than expected during a gradual reopening of the economy.
  • Nonfarm payrolls added 4.8 million workers in June, pushing the unemployment rate down to 11.1 percent.
  • Wall Street analysts surveyed by Refinitiv were expecting the addition of 3 million jobs.