July Jobs Report: 187K New Jobs; Unemployment Rate at 3.5%
OAN’s Alicia Summers
2:24 PM – Friday, August 4, 2023
The July Jobs Report: Positive Growth and Decreased Unemployment Rate
The July monthly jobs report is out, showing that U.S. employers added 187,000 jobs. The unemployment rate also decreased from 3.6% to 3.5%. This report comes after the federal reserve’s decision to resume interest rate hikes to address inflation and a strong labor market. Meanwhile, the country’s credit rating was downgraded for only the second time. David Stryzewski, CEO of Sound Planning Group, joins OAN’s Alicia Summers to discuss these developments.
Key Highlights:
- U.S. employers added 187,000 jobs in July
- Unemployment rate decreased from 3.6% to 3.5%
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