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US jobs market holds steady despite rate rises

2023-08-04 20:45
Employers added 187,000 jobs in July and the unemployment rate was 3.5%.
US jobs market holds steady despite rate rises

Employment in the US held steady last month, raising hopes that the economy will avoid a painful downturn.

Employers added 187,000 jobs, similar to June, while the jobless rate dipped to 3.5%, from 3.6% in the prior month, the Labor Department said.

The report was the latest sign of economic...