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U.S. employers added 528,000 jobs in July, the Labor Department said on Friday, an unexpectedly strong gain that shows the labor market is withstanding the economic impact of higher interest rates, at least so far.

The impressive performance — which brings total employment back to its level of February 2020, just before the pandemic lockdowns — provides new evidence that the United States has not entered a recession.




–5 mil.




Jan. ’21



Jan. ’22

+32,000 jobs since Feb. 2020

+22 million jobs since April 2020

152.5 million jobs in February 2020

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