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.
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