The Labor Department’s newly released jobs report for July appeared to have good news. However, due to inflation, Americans are strapped for cash taking on second jobs as families have less money to spend.
The report showed 528,000 jobs were added in July while the unemployment rate fell slightly to 3.5 percent. Total non-farm employment and unemployment rates returned to their February 2020 levels under then-President Donald Trump before the COVID-19 pandemic.
The new report fails to share the Americans taking on second jobs as the reason for the high number of new jobs added in July.
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