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US employers add 528,000 jobs, unemployment falls to lowest since pandemic struck in 2020

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WASHINGTON : Defying anxiety about a possible recession and raging inflation, America's employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession.

Unemployment fell to 3.5%, lowest since the pandemic struck in early 2020. July's job creation was 130,000 more than than those produced in June, and the most since February.

The red-hot jobs numbers from the Labour Department on Friday arrive amid a growing consensus that the U.S. economy is losing momentum.

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