A jobs report released today by the federal government shows that employment has mostly recovered from the dark days of COVID-induced mass joblessness and that inflation may get worse.
The latest figures released by the U.S. Department of Labor's Bureau of Labor Statistics (BLS) show that the economy added 528,000 jobs in July, bringing the unemployment rate down to just 3.5 percent. The number of unemployed people fell to 5.7 million, while average hourly earnings grew 5.2 percent.
