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World Business Report: First broadcast 04/08/2023 21:32 GMT : US job figures for July hold steady

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US job figures for July hold steady

First broadcast 04/08/2023 21:32 GMT 

First broadcast 04/08/2023 21:32 GMT : US job figures for July hold steady

BBC World Service - World Business Report, US job figures for July hold steady

US employment held steady for July bolstering hopes the economy will avoid a downturn.

Employment in the US held steady in July bolstering hopes the economy may avoid a painful downturn.

Employment in the US held steady for July, bolstering hopes that the economy will avoid a painful downturn. Latest job figures from the Bureau of Labor Statistics show employers added 187,000 jobs while the jobless rate dropped to 3.5%. Chris Low, Chief Economist at FHN Financial in New York and Julia Pollak Chief Economist at ZipRecruiter, in California, discuss what this could mean for the US economy. 

Plus in the latest part of our series on immigration, presenter Leanna Byrne speaks to Shannon K.O’Neil, a Latin American expert and vice-president of the Council on Foreign Relations, a think tank in the US, about how inflation and increasing political pressures are pushing more people to leave countries such as Argentina and Venezuela and head north to the US in search of a better life.

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First broadcast 04/08/2023 21:32 GMT : US job figures for July hold steady

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