Budget, Tax and Economy

The U.S. economy added a record 4.8 million jobs in June.
The real story is a bit more complicated and not as outrageous as it seems.
Nearly 21 million people are officially classified as unemployed.
Congress and the White House seem to be waiting for something.
Many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening.
The extra $600 is set to expire and lawmakers are fighting about what to do.
The economists said that employment, income and spending fell sharply as the coronavirus outbreak shut down businesses nationwide.
Republicans already felt little urgency towards passing another coronavirus response bill. Now they're even less eager.
Both the economic shock and the coronavirus pandemic have disproportionately hurt minorities and lower-educated workers.
New jobless claims have declined since hitting a record 6.867 million in late March.