The U.S. economy added 157,000 jobs in July, according to figures out from the Bureau of Labor Statistics this morning. Incorporating revisions for May and June, which increased employment by a net 59,000, monthly job gains have averaged a very healthy 224,000 the last three months.
The unemployment rate ticked down to 3.9 percent after edging up in June, reflecting more job seekers entering the labor market. Another 105,000 people joined the civilian-labor force in July, but that was nearly exactly matched by the increase in Americans reporting they’re not in the labor force.
White-collar professional firms added 51,000 jobs last month, continuing a strong run of employment gains. Manufacturers filled 37,000 jobs. Health-care providers hired 34,000 people.The financial industry and government were the only industries to lose jobs over the month.