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Hiring surged in July as U.S. economy exceeds expectations despite inflation, rate hikes

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The U.S. has now regained all the jobs it lost during the COVID pandemic, in spite of concerns about rising inflation and a possible recession. Employers added 528,000 jobs last month, more than double what economists predicted. Meanwhile, unemployment fell to 3.5 percent, the lowest since the pandemic started. Washington Post columnist Catherine Rampell joins John Yang to discuss.

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Category
U.S. & Canada
Tags
employment rate, great resignation, hiring boom
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