US Employers Add 943,000 Jobs in July, Beating Expectations
U.S. employers added more than 940,000 jobs in July, the U.S. Labor Department reported Friday, beating analyst expectations and providing the latest sign the job market may be recovering from steep losses sparked by the COVID-19 pandemic. The 943,000 jobs added last month topped the 850,000 from the previous month, despite a shortage of available workers. July’s unemployment rate dropped to 5.4% from 5.9% the month before. “While it is doubtless we will have ups and downs along the way as we continue to battle the delta surge of COVID, what is indisputable now is this: The Biden plan is