Economy Added 528,000 Jobs in July, Vastly Exceeding Expectations

Around the Web – Original Source: redstate.com

AP Photo/Seth Wenig In an unexpected twist given all the other labor news we’ve seen over the course of this week , the Bureau of Labor Statistics monthly report shows that 528,000 non-farm jobs were created in July, more than doubling economist expectations. Payroll employment rises by 528,000 in July; unemployment rate edges down to 3.5% https://t.co/1Y9cSWJUIB #JobsReport #BLSdata — BLS-Labor Statistics (@BLS_gov) August 5, 2022 The unemployment rate also ticked down to 3.5 percent, down from last month’s 3.6 percent. Wages are also now up 5.2 percent from a year ago.

Despite the rate of inflation still being up […]

Around the Web – Original Source: redstate.com