Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market
PUBLISHED FRI, AUG 5 20228:30 AM EDTUPDATED 2 MIN AGO
Hiring in July was far better than expected, defying signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported Friday.
Nonfarm payrolls rose 528,000 for the month and the unemployment rate was 3.5%. That was against the Dow Jones estimates of 258,000 and 3.6% respectively.