US labour market defies recession fears
Employment has risen above pre-pandemic level
US employers added more than 500,000 jobs in July and the unemployment rate dropped, defying fears that the labour market is heading for a slowdown.
The jobless rate fell to 3.5% from 3.6% in June, as restaurants, bars and other firms continued to add workers.
China is halting co-operation with the US in several key areas including climate change, military talks and efforts to combat international crime.
The new measures follow a trip to Taiwan by a US congressional delegation led by senior Democrat Nancy Pelosi.
The Premier League is back for another season, starting Friday night with a London derby as Crystal Palace host Arsenal. We find out how the league has transform from being a competition enjoyed exclusively for football purists, to one of the UK's biggest cultural exports.
(The US has now regained all 22 million jobs lost when the pandemic hit. Image Credit: AFP/GETTY)
Last on
Broadcast
- Sat 6 Aug 2022 00:06GMT大象传媒 World Service
Podcast
-
Business Matters
Global business and finance news and discussion from the 大象传媒