Unemployment decreases slightly in July

The U.S. unemployment rate fell from 4.4 percent in June to 4.3 percent in July, according to The Washington Post. The U.S. economy added 209,000 jobs in July, surpassing economists’ expectations and suggesting the economy continues to thrive after an extended streak of job gains in recent years.

Average monthly jobs gains this year, which are at 184,000, are basically in line with average monthly gains of 187,000 during 2016.

Employment in food services and drinking places rose by 53,000; professional and business services added 49,000 jobs; and health care employment increased by 39,000 with gains occurring in ambulatory health care services (30,000 jobs) and hospitals (7,000 jobs).

Employment in mining was little changed in July, adding 1,000 jobs.

Employment in other major industries—including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, financial activities and government—showed little change during the month.

There currently are 7 million unemployed people in the U.S.

Date : 8/7/2017