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Scorching summer job heat means more rate hikes

The post-COVID labor market recovery is like this summer’s weather: SCORCHING.

Jill Schlesinger
Jill Schlesinger 

The government reported that 528,000 jobs were created in July, more than twice the consensus estimate. With positive revisions to the prior two months, the total number of jobs has returned to February 2020 pre-pandemic levels.

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