America’s hiring boom continued last month as employers added a surprising 528,000 jobs despite raging inflation and rising anxiety about a recession:
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Jobs shocker: U.S. adds 528,000 jobs in July and unemployment falls to pre-pandemic levelsThe U.S. added a surprisingly strong 528,000 new jobs in July and the unemployment rate fell to pre-pandemic levels in a muscle-flexing display for the economy, but the robust report could add to inflation worries and push interest rates even higher.
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Jobless claims at 8-month high as layoffs edge higherAlthough the labor market is slowing, businesses around the U.S. still have millions of job openings. .
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AT&T workers leverage high inflation to land cost of living raises in latest contractA new union contract for AT&T workers in 36 states guarantees annual inflation-adjusted raises over the next 3 years. It also: —offers health coverage from a worker's first day —provides call-center workers paid parental leave for the first time
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Red states recovering faster from pandemic economy than blue statesSince the pandemic began, red states have added 341,000 jobs to their pre-COVID numbers according to numbers from the Department of Labor while blue states are still 1.3 million jobs short.
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These Charts Show Why We May Not Be in a RecessionIf the U.S. economy is in recession, someone forgot to tell the jobs market.
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