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Jobs report shows labor market more robust than anticipated

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

Aired 08/05/2022

PBS News Hour

Jobs report shows labor market more robust than anticipated

Clip: 8/5/2022 | 5m 47sVideo has Closed Captions

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

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.

Aired 08/05/2022

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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