The U.S. economy added over 900,000 jobs in July, exceeding expectations and making for the strongest report since last summer.
The Labor Department reported Friday that nonfarm payrolls rose by 943,000 in July, as the unemployment rate fell to 5.4 percent, CNBC reports. This was higher than the roughly 845,000 new jobs that had been predicted by economists, who also forecast an unemployment rate of 5.7 percent. It was also the biggest gain in jobs since August 2020, according to CNN.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Today's political cartoons - March 29, 2025Cartoons Saturday's cartoons - my way or Norway, running orders, and more
-
5 tactically sound cartoons about the leaked Signal chatCartoons Artists take on the clown signal, baby steps, and more
-
Roast lamb shoulder with ginger and fresh turmeric recipeThe Week Recommends Succulent and tender and falls off the bone with ease
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
What's Jeff Bezos' net worth?In Depth The Amazon tycoon and third richest person in the world made his fortune pioneering online retail
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
