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US Economy Added 528,000 Jobs in July

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
US Economy Added 528,000 Jobs in July

US Economy Added 528,000 Jobs in July

US Economy Added , 528,000 Jobs in July.

According to data released by the Bureau of Labor Statistics on Aug.

5, .

America added 528,000 nonfarm payrolls for July.

The unemployment rate fell to 3.5%.

The report exceeded Dow Jones estimates of 258,000 new jobs and an unemployment rate of 3.6% for the month.

.

July's 528,000 added jobs marks a significant increase from the 372,000 jobs added the month prior.

.

CNBC reports that average hourly earnings also increased 0.5% for July and 5.2% compared to a year ago.

Daniel Zhao, a senior economist at the career site Glassdoor, says the increase in hiring contradicts typical recession conditions.

It would be very unusual to have a recession when we’re still adding several hundred thousand jobs a month, Daniel Zhao, a senior economist at the career site Glassdoor, via ABC News.

But as inflation remains at its highest level in over 40 years, the Federal Reserve continues to aggressively hike interest rates, which could slow job creation.

But as inflation remains at its highest level in over 40 years, the Federal Reserve continues to aggressively hike interest rates, which could slow job creation.

Recently, major companies such as Walmart and Robinhood have announced layoffs and hiring slowdowns.

Recently, major companies such as Walmart and Robinhood have announced layoffs and hiring slowdowns


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Billie Eilish , Is Now the Youngest Person , to Win 2 Oscars. Eilish and her brother, Finneas O'Connell, won an Oscar for best original song on March 10. The award for "What Was I Made For?" from 'Barbie' cements a place in history for 22-year-old Eilish. . She is now the youngest person ever to win two Oscars, ABC News reports. . Eilish previously told 'GMA3' that "What Was I Made For?" was greatly influenced by 'Barbie.'. If we hadn’t been shown the movie and talked to Greta about it, we would not have made that song, Billie Eilish, to 'GMA3'. We wouldn’t have known the movie had that gut-wrenching aspect to it, Billie Eilish, to 'GMA3'. Watching it and seeing what it was about and that scene of Barbie sitting at the bus stop and there’s that old woman sitting next to her – , Billie Eilish, to 'GMA3'. ... that scene just really got me and it made me [go,] ‘Oh, this is so much more than we all think.’, Billie Eilish, to 'GMA3'. Eilish and Finneas also performed their hit song at the Oscars before Ryan Gosling took to the stage to sing another song from 'Barbie,' "I'm Just Ken.". Eilish and Finneas also performed their hit song at the Oscars before Ryan Gosling took to the stage to sing another song from 'Barbie,' "I'm Just Ken.". The siblings were awarded their first Oscar as a duo in 2022 for "No Time to Die."

Credit: Wibbitz Top Stories    Duration: 01:31Published
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Trump Says Putin’s Preference of Biden Over Him , Is a ‘Great Compliment’. During a recent interview with Russian state television, President Vladimir Putin said he'd prefer Biden to get reelected instead of Trump or another candidate becoming president, ABC News reports. . Biden, he's more experienced, more predictable, he's a politician of the old formation. , Vladimir Putin, to Russian state media. But we will work with any U.S. leader whom the American people trust, Vladimir Putin, to Russian state media. During a campaign rally in South Carolina on Feb. 14, Donald Trump referred to Putin's comments as a "great compliment.". During a campaign rally in South Carolina on Feb. 14, Donald Trump referred to Putin's comments as a "great compliment.". President Putin of Russia has just given me a great compliment, actually, Donald Trump, via statement. He just said that he would much rather have Joe Biden as president than Trump. Now that's a compliment. ... And of course, he would say that, Donald Trump, via statement. He just said that he would much rather have Joe Biden as president than Trump. Now that's a compliment. ... And of course, he would say that, Donald Trump, via statement. According to the former president, Putin would prefer Biden since Trump hindered Russia's interests, particularly when it came to the development of Nord Stream 2. . I stopped Nord Stream 2, and [Biden] approved it right after I left, so Putin is not a fan of mine actually, Donald Trump, via statement. He doesn't want to have me. He wants Biden because he's going to be given everything he wants, including Ukraine, Donald Trump, via statement. He doesn't want to have me. He wants Biden because he's going to be given everything he wants, including Ukraine, Donald Trump, via statement. He's gonna have his dream of getting Ukraine because of Biden ... The only president in the last five that hasn't given Russia anything is a president known as Donald J. Trump, Donald Trump, via statement. He's gonna have his dream of getting Ukraine because of Biden ... The only president in the last five that hasn't given Russia anything is a president known as Donald J. Trump, Donald Trump, via statement

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Several Shot After , Chiefs Super Bowl Parade in Missouri. Several Shot After , Chiefs Super Bowl Parade in Missouri. Thousands of people gathered in Kansas City on Feb. 14 to celebrate the Chiefs' Super Bowl win. A shooting took place as fans were leaving the parade, ABC News reports. . A shooting took place as fans were leaving the parade, ABC News reports. . It occurred west of Union Station. It occurred west of Union Station. At the conclusion of the rally there were shots fired west of Union Station near the garage and several people were struck, Capt. Jake Becchina, a spokesperson for the Kansas City Police Department, to the 'Kansas City Star'. Several people were shot, and two armed individuals have been detained, police say. Several people were shot, and two armed individuals have been detained, police say. Officers evacuated people from inside Union Station after securing the armed individuals. . We need people to exit the area as quickly and safely as possible and avoid the parking garage in order to facilitate treatment of shooting victims, Kansas City police, via ABC News. Kansas Gov. Laura Kelly was also evacuated. . Up to 10 people were injured, according to the Kansas City Fire Department. . Up to 10 people were injured, according to the Kansas City Fire Department.

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