Summary List Placement
July’s jobs report beat expectations handily, showing 943,000 job gains, accelerating wage growth, and a bigger drop in unemployment than expected. It’s another sign of a more robust recovery, marking seven months of the US adding jobs.
Labor Secretary Marty Walsh talked to Insider about the strong report and why it was so good. He doesn’t think it’s due to 26 states opting out of federal unemployment benefits early. The July report was the first to factor in most of those states’ early terminations.
He chalked up June and July’s gains to major spending from the details ⇒
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