UHND.com - Notre Dame Football, Basketball, & Recruiting

The report showed non-farm payroll employment spiked by 528,000 jobs in July after surging by an upwardly revised 398,000 jobs in June.

Economists had expected employment to climb by about 250,000 jobs compared to the addition of 372,000 jobs originally reported for the previous month.

The Labor Department said job growth was widespread, led by gains in the leisure and hospitality, professional and business services, and healthcare sectors.


Michael Pearce, Senior U.S. Economist at Capital Economics, said the stronger than expected job growth combined with a drop in the unemployment rate and a renewed pick-up in wage pressure "make a mockery of claims that the economy is on the brink of recession."
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Circumstances can and do change, but for the moment fears of a serious recession aren't warranted...so I'm assuming there will be lots of 'Up Votes' in the morning over this news...(yeah, right ;-))


Link: https://www.nasdaq.com/articles/u.s.-job-growth-far-exceeds-expectations-in-july