US companies added 528,000 jobs in stronger than expected report

US companies added 528,000 jobs in stronger than expected report

by

In this article, you will get all the information regarding US companies added 528,000 jobs in stronger than expected report


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 unemployment rate slipped to 3.5%.

The US economy shrank in the first two quarters of 2022 — an informal definition of recession. But most economists believe the strong jobs market has kept the economy from slipping into a downturn.

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

US companies added 528,000 jobs in stronger than expected report

For more visit IlmHunt.com

Latest News by IlmHunt.com

Spread the love

Leave a Reply

Your email address will not be published.