The Bureau of Labor Statistics (BLS) June 2020 Hiring Situation reported that payrolls grew by 4.8 million last month. Higher than the 3 million jobs economists have anticipated would be gained. Unemployment dropped from 13.3% to 11.1% while job growth numbers were the largest since the government started keeping records in 1939 amid what economists believe to be the deepest and shortest recession in American history.
The healthcare sector added 358,000 jobs, with the vast majority within the ambulatory care sector (371.4K). Hospitals accounted for 6.7K jobs. Gains within healthcare were offset by continued losses in nursing care facilities. While the unemployment rate for the overall Healthcare industry dropped from 9.5% to 7.2%, the hospital unemployment rate rose from 3.6% to 4.5%.
