U.S. employers added a booming 528,000 jobs in July as the labor market now has recovered all 22 million jobs lost in the pandemic and continued to defy soaring inflation, rising interest rates and a slowing economy. "The economy is not falling into recession," says Brian Bethune, an economist at Boston College. "It is actually picking up speed as demand for services accelerates in a post Covid-19 environment." Inflation hit a 40-year high of 9.1% in June. The labor market, however, remarkably has shrugged off the inflation spike. To read more on the economy and the latest job's report, click the link in our bio.