Steve August 5, 2022
us-job-growth-surges,-cooling-recession-fears

The high job growth means that the Federal Reserve is likely to continue to increase rates., The United States unemployment rate is at a 50-year low of 3.5 percent, data showed on Friday.By Olivia RockemanBloombergPublished On 5 Aug 20225 Aug 2022US employers added more than double the number of jobs forecast, illustrating rock-solid labor demand that tempers recession fears and suggests the Federal Reserve will press on with steep interest-rate hikes to thwart inflation. Nonfarm payrolls jumped 528,000 in July, a broad advance that beat all estimates,2022-08-05 13:53:00,Read More