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Jobs Grew By 528K in July

08/06/2022 12:06 PM | Christine Strak (Administrator)

roofing crew

U.S. employers added 528,000 new jobs in July, surpassing economists' forecasts, according to the latest employment report from the Bureau of Labor Statistics. The unemployment rate ticked down to 3.5 percent, close to what is considered full employment and a half-century low. Labor force participation, however, was lower in July, falling to 62.1 percent, down from 62.2 in June. Average hourly earnings grew 5.2 percent in July from a year earlier, a slight acceleration over the prior month. Read more.

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