The U.S. labor market remained red-hot in July despite expectations job growth would cool as tighter monetary conditions and company layoffs stoked fears of a recession.
The Labor Department released its latest monthly jobs report at 8:30 a.m. ET on Friday. Here were the key numbers from the report, compared to economist estimates compiled by Bloomberg:
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Non-farm payrolls: +528,000 vs. +250,000
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Unemployment rate: 3.5% vs. 3.6%
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Average hourly earnings, month-over-month: +0.5% vs. +0.4%
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Average…
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