Jobs in July far exceeded expectations, economic recovery waning There were no signs. steam, the Bureau of Labor Statistics reported on Friday.
Non-farm payrolls increased by 528,000 for the month, and the unemployment rate was at 3.5% for him, easing Dow Jones estimates of 258,000 for him and 3.6% for him respectively. surpassed
Wage growth also surged, with average earnings rising by 0.5% for the month and his 5.2% increase over the same period last year. These figures add to the inflationary backdrop, with consumer prices rising at their fastest pace since the early 1980s.
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Jeff Cox is a financial editor at CNBC.com, covering all aspects of the market and monitoring financial markets and Wall Street coverage. doing. His articles interview some of the smartest and most respected analysts and advisors in the financial industry, making him one of the most read articles on the site every day.
Over the course of his journalism career, which began in 1987, Cox has covered everything from the collapse of the financial system to presidential politics to local government battles in his native Pennsylvania.