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Will Better Than Expected June Job Data Impact Next Virus Bill?

July 2, 2020
Will Better Than Expected June Job Data Impact Next Virus Bill?

As expected, June saw a better-than-expected June jobs number (albeit still bad) with 4.8 million jobs added and a drop in unemployment to 11.1% from 13.3% in May. (For more see page 1.)

That unemployment rate remains in post-WW II record territory. Additionally, the job numbers are assembled mid-month so the recent outbreaks and subsequent closings in Florida, Texas, and California are not reflected. In any event, it seems generally agreed that one more round of relief legislation is likely to be the centerpiece of Congressional action for its summer session later this month. The question will be how much?

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