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According to figures issued by the Bureau of Labor Statistics on Friday.....

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the U.S. economy added 528,000 jobs in July, and the unemployment rate decreased to 3.5 percent.....

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A huge increase from the 372,000 jobs added in June to the 528,000 jobs gained in July.....

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In addition, the numbers show an improvement over the already...

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robust hiring was seen in the first half of 2022 when the economy added an average of 461,000 jobs per month......

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The economy satisfies the technical requirements for a recession with quarterly GDP falls...

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While many analysts contend that the U.S. has so far avoided entering a....

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downturn because of the strong employment market, job growth momentum is predicted to....

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significantly slow down in the following months as businesses slash employees to account for declining demand.

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