Unemployment rate falls in July

The U.S. unemployment rate dropped from 9.2 percent in June to 9.1 percent in July, according to USA Today.

Employers added 117,000 jobs in July—better than the past two months, which also were revised higher. Private employers added 154,000 jobs.

In July, the health care sector added 31,000 jobs; retail sector added 26,000 jobs; and manufacturing sector added 24,000 jobs. The government sector cut 37,000 jobs; 23,000 of those losses can be attributed mainly to the shutdown of Minnesota's state government. The construction sector, leisure and hospitality sector and financial activities sector basically were unchanged.

The number of unemployed people in the U.S. fell to 13.9 million in July.

Date : 8/5/2011