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

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

    By August 5, 2022No Comments1 Min Read
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    US companies added 528,000 jobs in stronger than expected report
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    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 defied skeptics this year. Economists had expected only 250,000 new jobs this month.



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