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Employers add 187,000 jobs, under expectations, as wages grow

Employment increased steadily and wages rose at a faster-than-expected rate in July.

According to the Bureau of Labor Statistics, U.S. employers added 187,000 jobs and the unemployment rate dropped to 3.5%.

Bloomberg senior editor Mike Regan joins host Deepa Fernandes to paint a picture of what this latest report means for the economy.

This article was originally published on WBUR.org.

Copyright 2023 NPR. To see more, visit https://www.npr.org.