US Unemployment Rate Falls to 3.5%
The US unemployment rate has fallen to 3.5% today, according to the newest report from the Bureau of Labor Statistics (BLS). Moreover, the rate has come in below the 3.6% estimates as the country added 187,000 jobs in the month of July, falling below the projected 200,000 that was expected. The payroll data released Friday also revealed revised job growth for the month of June. Indeed, the report noted that the month’s growth was adjusted to 185,000, from the originally reported 209,000. Overall, unemployment did not see much of a change, which was a development many had forecast. Also Read: US Unemployment Rate Falls to 3.6%, Below 3.7% Target, for the Month of June US Unemployment Falls as 187,000 Jobs Are Added The United States economy has certainly been in a state of fragility over the last several years. As the Federal Reserve is engaging with interest rate hikes in order to fight inflation, all eyes have been on the development of the country’s job market...