U.S. job growth surges, economy adds 528,000 positions in July

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U.S. job growth surged in July, as the economy added a surprising 528,000 positions, defying all expectations of a slowdown, according to official data released on Friday.

The unemployment rate retreated back to the pre-pandemic low of 3.5 percent amid widespread job gains, the Labor Department reported. Total non-farm employment also recovered to its pre-pandemic level, the data showed.

Source(s): AFP

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