Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession. Unemployment fell to 3.5%, the lowest rate since the pandemic struck in early 2020. July’s job creation was up from 398,000 in June and the most since February.
US employers add 528,000 jobs; unemployment falls to 3.5%
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