Hiring by hotels, bars and restaurants behind big July jobs gain

Robust hiring at hotels, restaurants and bars, as well as in construction and health care, powered an unexpectedly strong jobs increase in July, the government announced Friday. Those industries accounted for 43 percent of the 528,000 gain. The unemployment rate fell to 3.5 percent, according to government data released Friday, despite Federal Reserve actions to cool the economy with higher interest rates. “This is not a picture of an economy in recession,” said chief economist

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Strong jobs report brings warning signs for housing market

HED: Strong jobs report brings warning signs for housing market DEK: As mortgage lenders and brokerages cut staff, another interest rate hike is likely AUTHOR: Orion Jones TWEET: Strong employment gains in June could prompt another interest rate hike, likely further cooling the housing market at a time when lenders and brokerages are laying off workers. SEO HED: Tough June for Real Estate as Economy Plows On SEO DESCRIPTION: A strong jobs report could prompt

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