US Payrolls July 2021 Climbed 943,000 Topping Estimates, Unemployment Rate 5.4% - Bloomberg

U.S. employers added the most jobs in nearly a year and the unemployment rate declined faster than forecast, showing the labor market is making greater progress toward a full recovery.

Payrolls climbed by 943,000 last month after an upwardly revised 938,000 increase in June, a Labor Department report showed Friday. The median estimate in a Bloomberg survey of economists called for a 870,000 advance. The unemployment rate dropped by a half percentage point to 5.4%.

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