The American economy continued to recover in July, recording the largest month of job growth so far this year. This brought total employment to 146.8 million jobs, 3.7% below February 2020 levels. The unemployment rate fell from 5.9% to 5.4%, according to the Bureau of Labor Statistics (BLS).
The BLS continues to revise estimates from previous months with each report. The latest figures for May and June also show that those two months added 119,000 more jobs than initially indicated.
