The economy added 528,000 jobs in July despite a slowing economy and high inflation, Unemployment fell from 3.6% to 3.5%.
Author: Paul Davidson, USA TODAY
Economy adds 528,000 jobs in July as hiring surges despite high inflation. US recovers all jobs lost in COVID.
The economy added 528,000 jobs in July despite a slowing economy and high inflation, Unemployment fell from 3.6% to 3.5%.
Rising retail, restaurant, fast-food wages make hiring tougher for manufacturing, construction, health care
Higher wages in retail, restaurants, fast-food have increased hiring challenges in skilled fields such as manufacturing, construction, health care.
Economy shrank 0.9%, marking second straight contraction and stoking recession worries
The economy shrank 0.9% in Q2, marking second straight contraction, raising recession concerns. Inflation, Fed rate hikes set to slow growth
Is US already in a recession? If GDP falls for second quarter, one definition says we are
The nation could already be in recession by one definition if report Thursday shows GDP fell for second straight quarter.
Why hasn’t U.S. recovered all the jobs lost during COVID-19? Because local governments can’t attract workers.
Private sector has regained all 22M jobs lost in COVID and then some. Government is well short, mainly because it’s struggling to hire, retain workers
Inflation hits another 40-year high. What does that mean for shoppers and the next Fed rate hike?
Inflation touched a new 40-year high last month as gas, food, and rent costs surged. That will likely mean another big Fed rate hike this month.
Inflation shows signs of easing, but that probably won’t stop a 40-year high and a big Fed hike
June’s consumer price index is likely to reveal another 40-year high. There are signs inflation is easing, but a big Fed hike is still expected.
Hiring is robust. Unemployment is unchanged. But does June jobs report ease recession fears?
The economy added better-than-expected 372,000 jobs in June amid high inflation and a slowing economy. Unemployment was unchanged at 3.6%.
What slowdown? Job seekers juggle multiple offers, snag higher pay
Many job seekers are weighing multiple offers in a labor market that is still scorching despite signs of an economic slowdown.