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Good news on jobs overshadowed for millions of Americans by soaring inflation

Aug. 5, 2022, 7:01 p.m.

(NBC News) The job market is hot, with employers adding twice the number of jobs predicted for July. Unemployment has fallen to 3.5%, taking the U.S. back to pre-Covid times. Though good news, millions of Americans are plagued by the 40-year high inflation. A July survey finds that 51% of Americans now don’t have an emergency fund that can cover three months’ expenses.

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