8/9/22-Federal jobs report reveals unexpected economic growth
- August 09 2022
- By: info@njcfe.org
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Federal jobs report reveals unexpected economic growth
August 5, 2022 | njspotlightnews.org
The U.S. economy is in better shape than many people thought. The federal government’s monthly job report released on Friday indicated 528,000 new jobs were created in July — much more than expected. The unemployment rate dipped to 3.5%, a 50-year low. The report revealed strong hiring across the private sector and worker wages are rising. The new numbers come at a time when there are worries about whether the economy is slowing and potentially heading to a recession.
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