Tag: unemployment
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U.S. employers added 528,000 jobs; unemployment falls to 3.5%
WASHINGTON (AP) — 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 U.S. economy shrank in the first two quarters of 2022 — an informal definition of…