U.S. businesses stepped up their hiring in July, offering a modest amount of optimism after the worst stock-market sell-off since the 2008 financial crisis.
The Labor Department’s latest jobs report shows U.S. economy generated 117,000 jobs last month — more than twice the revised rate from June.
“It’s just so nice not to be punched in the gut again with these numbers,” Diane Swonk, chief economist and senior managing director at Mesirow Financial, told CNBC Friday. “I can finally breathe.” msnbc
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