Employers add whopping 528,000 jobs
Job creation in July was up from 398,000 last month and at its highest level since February.
BY PAUL WISEMAN
Associated Press
WASHINGTON — Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession. Unemployment fell to 3.5%, its lowest level since the pandemic struck in early 2020.
July’s job creation was up from 398,000 in June and the most since February.
The red-hot jobs numbers from the Labor Department on Friday arrive amid a growing consensus that the U.S. economy is losing momentum. The economy shrank in the first two quarters of 2022 — an informal definition of a recession. But most economists believe the strong jobs market has kept the economy from slipping into a downturn.
The surprisingly strong jobs numbers will undoubtedly intensify the debate over whether the U.S. is in a recession or not.
“Recession - what recession?’’ wrote Brian Coulton, chief economist at Fitch Ratings, after the numbers came out. “The U.S.
economy is creating new jobs at an annual rate of 6 million — that’s three times faster than what we normally see historically in a good year.”
Economists had expected only 250,000 new jobs this month.
The Labor Department also revised May and June hiring, saying an extra 28,000 jobs were created in those months. Job growth was especially strong last month in the health care industry and at hotels and restaurants.
GREAT Sue the Bastards
I wonder how many believe Alex BS CONSPIRACY Theories
I wonder how Fox News will have to pay
Trending News
Alex Jones ordered to pay $45.2M more over Sandy Hook lies
By JIM VERTUNO
today
Conspiracy theorist Alex Jones attempts to answer questions about his emails asked by Mark Bankston, lawyer for Neil Heslin and Scarlett Lewis, during trial at the Travis County Courthouse in Austin, Wednesday Aug. 3, 2022. Jones testified Wednesday that he now understands it was irresponsible of him to declare the Sandy Hook Elementary School massacre a hoax and that he now believes it was “100% real." (Briana Sanchez/Austin American-Statesman via AP, Pool)
AUSTIN, Texas (AP) — A Texas jury on Friday ordered conspiracy theorist Alex Jones to pay $45.2 million in punitive damages to the parents of a child who was killed in the Sandy Hook Elementary School massacre, adding to the $4.1 million he must pay for the suffering he put them through by claiming for years that the nation’s deadliest school shooting was a hoax.
The total — $49.3 million — is less than the $150 million sought by Neil Heslin and Scarlett Lewis, whose 6-year-old son Jesse Lewis was among the 20 children and six educators killed in the 2012 attack in Newtown, Connecticut. But the trial marks the first time Jones has been held financially liable for peddling lies about the massacre, claiming it was faked by the government to tighten gun laws.
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