The United States added 528,000 jobs in July as the labor market replaced the jobs lost during the COVID-19 pandemic.
The US Labor Department said on Friday the unemployment rate fell from 3.6% to 3.5%, matching a 50-year low and is equal to its rate in February 2020 before the COVID-19 pandemic lockdowns started in March 2020.
Job gains were broad-based in July, with leisure and hospitality accounting for 96,000 new workers.
Professional and business services added 89,000 jobs; health care added 70,000; construction added 32,000; manufacturing added 30,000; and retail added 22,000 hires.
Federal, state, and local governments in the US added 57,000 jobs.
The US has added a total of 22 million jobs since reaching a low in April 2020 and has now replaced the jobs lost during the COVID-19 pandemic.
© Fourth Estate® — All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.