Massive US jobs surprise: Economy added 528,000 jobs in July

( Business) –– The US economy added 528,000 jobs in July, according to the report from the Bureau of Labor Statistics. The figure doubled economists’ forecasts.

The unemployment rate fell to 3.5% after staying at 3.6% for four consecutive months.

Economists were expecting roughly 250,000 jobs to be added last month, according to Refinitiv.

July was the 19th consecutive month that US jobs have increased.

News in development…