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US job growth remains moderate in July; wage gains still strong

IndiaTimes Friday, 4 August 2023
The US economy maintained a moderate pace of job growth in July, but solid wage gains and a decline in the unemployment rate pointed to continued tightness in labor market conditions. Nonfarm payrolls increased by 187,000 jobs last month, the Labor Department said in its closely watched employment report on Friday. Data for June was revised lower to show 185,000 jobs added instead of the previously reported 209,000.
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News video: US Economy Remains Resilient Despite Interest Rate Hikes

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US Economy, Remains Resilient Despite , Interest Rate Hikes. Associated Press reports that while the job market has cooled, it continues to defy predictions that skyrocketing interest rates would trigger a recession. In July, employers in the U.S. added approximately 187,000 jobs, while...

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