The U.S. economy added 528,000 jobs in July, far surpassing economists’ expectations. Summary The U.S. economy added 528,000 jobs in July, far surpassing economists’ expectations. The unemployment rate dropped slightly to 3.5 percent. Wage growth was up 0.5% and up 5.2% compared to last year. The Dow Jones estimates predicted a payroll expansion of 258,000 and 3.5% unemployment. July’s unemployment rate is now tied for the lowest unemployment rate since 1969. July marked the largest jobs gain since February and …
