US Economy Adds 528,000 Jobs in July, Surpassing Estimates

Click here to read the full article.

The U.S. economy added 528,000 new jobs in July, topping the market estimate of 250,000, according to the Bureau of Labor Statistics (BLS).

The unemployment rate dipped to 3.5 percent, down from 3.6 percent in June. The labor force participation rate slipped to 62.1 percent

Average hourly earnings rose 0.5 percent month-over-month and 5.2 percent year-over-year. Both readings were higher than economists’ expectations of 0.3 percent and 4.9 percent, respectively. Average weekly hours also edged up to 34.6.

Continue reading here.

Scroll down for comments and share your thoughts!

What do you think?

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

Elon Musk Expects US Recession Will Last a Long Time but Will Be ‘Relatively Mild’

Biden Admin Evacuated Hundreds on US Watchlist From Afghanistan: Whistleblower