The latest effort to narrow the preferential tax treatment used by private equity executives failed after Senator Kyrsten Sinema objected.
New York Times
The increase of 528,000 outstripped expectations, and the gains were spread widely across industries. The jobless rate fell to 3.5 percent.
Changes demanded by Senator Kyrsten Sinema will preserve a tax loophole that Democrats have complained about for years.
But the unexpectedly strong employment growth reported for July also appeared to contradict forecasts that the economy was cooling off.
With job openings declining and layoffs ticking up, monthly employment gains will be harder to come by.
In a survey, most say that it is a good time to find work and that the labor market favors employees. They see little change ahead for at least six months.
Millions have fled Russia’s invasion, but where housing is expensive and scarce, countries like Estonia are paying shipping firms to offer refugees safe but tight quarters.
Industrial policy is back in Washington, as a vast semiconductor and science bill gives the government new sway over a strategic industry.
The closing of a meatpacking plant near downtown Los Angeles has left its workers reeling and amplified questions about doing business in the state.
Employers appear to be responding to rising interest rates and a slowing economy by reducing open positions.