On August 5, 2022, the Department of Labor reported that the economy created 528,000 jobs in the USA during July. This was over twice the number of US jobs economists had forecast for the month. The Labor Department also reported that the unemployment rate fell to only 3.5 percent, after hovering at 3.6 percent during the last four months. The unemployment rate in the United States is now tied for being the lowest in over 50 years (since 1969). July was the 19th month in a row for non-stop US job creation. The leisure and hospitality sector produced a robust 96,000 jobs in America, followed by professional and business services with 89,000 positions filled, healthcare with 70,000 hired, government with 57,000 workers added, while US jobs in construction increased by 32,000, the manufacturing industry hired 30,000 new employees and an additional 22,000 people were working in the US retail sector. The government agency noted that the number of people working in the USA is higher than in February 2020, when the global pandemic started to affect the economy. To read more, click here!