The U.S. economy added significantly more jobs in July than expected.
The Labor Department said Friday 528,000 jobs were added last month, whereas economists were expecting around 250,000. This was also up from 398,000 jobs added in June, a number that was revised in the latest report. The unemployment rate declined to 3.5 percent, the same level as in February 2020, before the pandemic began to shut down the economy.
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