Recession Fears Threaten Media & Entertainment Business




Yet another economic data point is creating more confusion.

The U.S. economy added a jaw-dropping 528,000 jobs in July, according to the latest monthly data from the U.S. Bureau of Labor Statistics. July’s figure far exceeded consensus estimates for 250,000 additions during the month, and unemployment ticked lower to 3.5% and was its lowest level since February 2020. Another sign of continued strength in the labor market.

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