A better-than-expected jobs report for July shows the economy may soon be ready to run with reduced support from the Federal Reserve.
Data from the U.S. Bureau of Labor Statistics released Friday morning showed 943,000 non-farm payroll gains last month, with the unemployment rate falling to 5.4%.
The economy continues to inch closer to pre-pandemic shape. In the depths of the economic shutdown, employment levels dropped by as much as 22.4 million. As of July 2021, the economy appeared to…
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