July Jobs Report BlowOut: 528,000 added

Unemployment down to 3.5% after 528,000 jobs were added in July:

“The US economy has now regained all jobs lost during the pandemic, after a blowout July jobs report that showed a gain of 528,000 jobs, according to data released Friday by the Bureau of Labor Statistics.

The massive monthly gain was more than double the 250,000 that economists were expecting, according to Refinitiv.

The unemployment rate ticked down to 3.5% after holding at 3.6% for the past four months. The July jobless rate matched the half-century low last seen in February 2020.”