Friday, August 05, 2022

Hold onto your hats!

 

Employers added 528,000 jobs in July, 

shattering expectations


US employers added 528,000 jobs

unemployment

falls to 3.5%

 

WASHINGTON (AP) — America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession.

July’s hiring was up from 398,000 in June. 

The American job market has repeatedly defied skeptics this year. Economists had expected only 250,000 new jobs this month.