Economic Beat: Over 528,000 jobs were created in July

How will current market developments affect you? The thought leaders at Fifth Third Bank can help make sense of it all. Listen to the Economic Beat as they discuss what happened last week and what they expect will be the focus of this week.

Economic Beat: Aug 8, 2022

U.S. equity markets ended Friday’s session mixed, after a stronger-than-expected jobs report raised the prospect of more aggressive tightening by the Federal Reserve. Despite the recent announcements of layoffs and hiring slowdowns from corporate America, employment (and the unemployment rate) returned to pre-pandemic levels for the month. Over 528,000 jobs were created in July, faster than June's upwardly revised 398,000 jobs number and topping expectations for a slowdown to 250,000 job gains. Listen to this week’s full Economic Beat update or read the transcript below.

To listen to past Economic Beat updates, click here.