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overview: Anxieties over a lag in hiring lifted on Friday as the government reported that employers added 850,000 workers in June, the largest monthly gain since August.


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Wages jumped for the third month in a row, a sign that employers are trying to attract applicants with higher pay and that workers are gaining bargaining power.

Rising Covid-19 vaccination rates and a growing appetite for travel, dining out, celebrations and entertainment gave a particular boost to leisure and hospitality businesses. The biggest chunk of June’s gains — 343,000 — could be found there.

“I think it’s a very solid and strong report,” said Kathy Bostjancic, chief U.S. financial economist for Oxford Economics.

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Patricia Cohen

patricia cohen covers the national economy for the new york times