Hiring soars in July, US adds surprising 528,000 jobs
Hiring soars in July, US adds surprising 528,000 jobs
(NewsNation) — America’s hiring boom continued as employers added 528,000 jobs in July, outpacing expectations amid skyrocketing inflation and mounting fears of a recession.
The report Friday from the Labor Department showed the unemployment rate edged lower to 3.5%, lower than the past four reports and the lowest level since the pandemic erupted two years ago.
The U.S. economy shrank in the…