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Business Matters: US labour market defies recession fears

US labour market defies recession fears

06/08/2022 GMT

BBC World Service - Business Matters, 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)

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