July was another solid month for job creation, according to figures released this morning by the Bureau of Labor Statistics. The economy added 209,000 jobs in July, marking the sixth consecutive month of 200,000-plus new jobs.
Still, the headline unemployment rate notched upward, from 6.1 percent to 6.2 percent, a result of more people entering the job market. The labor force participation rate rose slightly from June's number, increasing from 62.8 percent to 62.9 percent. It's still near historic lows, however.
That 209,000 figure matches the average number for job creation over the past 12 months, but it's down somewhat from more recent months. The BLS revised the figures for May and June in this morning's report, up to 229,000 and 298,000, respectively.
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