Watch CBS News

New jobs report shows solid labor market

The latest jobs report is showing a strong labor market in the face of inflation-fighting interest rate hikes, with 187,000 jobs added in July. And the unemployment rate is approaching a 50-year low at 3.5%. Daniel Zhao, lead economist at Glassdoor, joined CBS News to discuss the new numbers.
Aug 4, 2023 (03:34)
View CBS News In
CBS News App Open
Chrome Safari Continue