US economy adds 850,000 jobs in June as hiring rebounds

Record setting jobs report! Much of it attributable to people returning to work after being furloughed or laid off due to the pandemic. Industries are fired up, many doing record business which means they are hiring more people. As the labor pool finds more and more people working, competition for the good workers will grow resulting in higher pay.
The U.S. economy is looking awfully bright right now. Still, we live in a fragile world with the ability to see any number of events cause almost immediate economic reversal. Fingers crossed nothing of that magnitude happens and our economic stability continues to grow.
 
IF, and that's a Big IF, we can escape another surge in this corona virus, the economy should improve substantially in coming months, as the "pent up" demand and "supply" issues begin to level off. At least more people are returning to work, instead of trying to rely on government hand-outs. The primary issue that may affect a lot of people might be Inflation...especially for those in the lower income brackets. Who knows...if the present trends continue we may reach a point where money in the bank actually earns some interest.
 

That's good news for our economy, but many of those jobs are going to go unfilled. The U.S. is experiencing talent shortages in many areas, especially nursing. The shortage is so severe, hospitals can't fill all the beds because they don't have enough nurses to care for the patients. The competition is going to drive up wages or salaries (Nurses are paid by the hour, aren't they?), which is going to increase the cost of healthcare even more, which will increase the cost of insurance. We could wind up with healthcare rationing.
 
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