US job figures for July hold steady

World Business Report - Podcast készítő BBC World Service

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Employment in the US held steady last month, bolstering hopes that the economy will avoid a painful downturn. Latest job figures from the Bureau of Labor Statistics show employers added 187,000 jobs while the jobless rate dropped to 3.5%. Chris Low, Chief Economist at FHN Financial in New York and Julia Pollak Chief Economist at ZipRecruiter, in California, discuss what this could mean for the US economy. Plus in the latest part of our series on immigration, presenter Leanna Byrne speaks to Shannon K.O’Neil, a Latin American expert and vice-president of the Council on Foreign Relations, a think tank in the US, about how inflation and increasing political pressures are pushing more people to leave countries such as Argentina and Venezuela and head north to the US in search of a better life.

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