August 16, 2022

The Bureau of Labor Statistics announced on Friday that the US unemployment rate fell to 3.5 percent last month as the US economy added 528,000 jobs.

Despite persistent inflation, the Labor Department said job growth in the US was “widespread” in July, with “leisure and hospitality, professional and business services, and health care” jobs added.

The department also said that the number of non-farm workers and the unemployment rate in the United States are now at the same levels as they were in February 2020, before the onset of the Covid-19 pandemic. The number of “long-term unemployed” – people who have been out of work for more than six months – have also fallen to pre-pandemic levels with a drop of 269,000 last month.

The positive monthly jobs report exceeds expectations from many analysts who suggested that last month’s job gains may be lower in number than in recent months.

Earlier this week, White House Press Secretary Karen-Jean-Pierre said the Biden administration had been expecting a report in the range of 150,000 jobs added last month — a number much lower than was reported.

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