Friday, August 4, 2017

July's Jobs Report

July was another strong month for employment, with the economy adding another 209,000 jobs, according to figures released by the Labor Department this morning. The headline unemployment rate ticked down to 4.3 percent.

Employment growth has averaged 184,000 per month thus far this year, which is right in line with the average monthly gain for 2016, at 187,000. Over the past three months, job gains have averaged 195,000 per month.

The leading sector was food services and drinking places, where employment  rose by 53,000 in July. The industry has added 313,000 jobs over the course of the year. Professional and business services added 49,000 jobs in July, and health care employment increased by 39,000,

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