255,000 jobs added in July, far more than expected
July was another good month for job growth, with the unemployment rate holding at 4.9%.
Job creation continued at a solid pace in July, with the economy adding 255,000 positions, according to the Labor Department.
The headline unemployment rate held steady at 4.9 percent, though a more encompassing measure that includes those not actively looking for work and those working part-time for economic reasons moved up a notch to 9.7 percent. Though still mired near generational lows, the labor force participation rate ticked up one-tenth to 62.8 percent as those counted as not in the labor force decreased 184,000 to 94.3 million.
Hourly wages also moved higher, increasing by 8 cents or an annualized pace of 2.6 percent, while the average work week edged up to 34.5 hours.
Economists had been looking for an increase of 180,000 and a decline of the unemployment rate to 4.8 percent from June’s 4.9 percent. June payroll growth initially was reported at 287,000.
Click here for reuse options!Copyright 2016 Liberaland
25 responses to 255,000 jobs added in July, far more than expected
Leave a Reply
You must be logged in to post a comment.
Obewon August 5th, 2016 at 09:53
Thanks Obama for Making America Great Again with 15 M+ mew jobs!
A teeny tiny voter minority want to take America back to GWB / Cheney’s 115,000 private Jobs created per YEAR! Each Obama job month averages 2 YEARS of GWB private jobs.
2015 U.S. record $18.5 T GDP growing +3% APR = +$5 T GDP!
BLS March 2014-> March 2014 Jobs Report – Private Sector Jobs https://www.flickr.com/photos/speakerpelosi/13630053153/in/photostream/
Suzanne McFly August 5th, 2016 at 13:29
Typical damn Kenyan, making us work and earn money!!!!!!!!!!!! …/s jic
bunya August 5th, 2016 at 17:05
I know, right???
granpa.usthai August 6th, 2016 at 10:04
– and HE still keeps the price of GAS below 5 dollars a gallon!
WTH is that all about?!?
Suzanne McFly August 6th, 2016 at 17:06
Right, doesn’t he have love for the oil companies?
granpa.usthai August 6th, 2016 at 10:02
…and HAVING to drag the republiKons along every step of the way!
Hell, if republiKons had worked with this POTUS (greatest to date) just 10%, every person in America (native Americans included) could have a nice warm dwelling place and full tummy to sleep on EVERY night!
crc3 August 5th, 2016 at 10:44
This solidifies HRC’s chances as she will carry Obama’s torch when she’s elected!
Tommie August 5th, 2016 at 11:23
The GOP talking points will be out soon after each good report!
granpa.usthai August 6th, 2016 at 09:59
they’ve already tried with the ‘adjusted for inflation at the current cost of living’ meaning you’d be better off with NO JOB, America plummeting into the fascist abyss and another ‘surge’ in Iraq before having our military strangled in Iran?
which brings up the point that the US Congress (republiKon run) continues to opt NOT to ‘adjust the cost of living’ to offset the current rate of inflation for the retirees?
WFW (which f’ing way) the RepubliKons want to go on this one?
fahvel August 5th, 2016 at 12:16
what quality of jobs?
whatthe46 August 5th, 2016 at 12:38
Not everyone has quality education or a set of skills earning them six figures.
oldfart August 6th, 2016 at 10:10
What are six figures ???? /s
William August 5th, 2016 at 13:11
That’s a very good question. Registering doubt is good….I guess. What would be more interesting and noteworthy would be a link that might answer the question.
I hope you post one.
William August 5th, 2016 at 13:08
Leadership.
bunya August 5th, 2016 at 13:24
But seriously, what did we expect from the Kenyan-born, commie, socialist, member of the Muslim Brotherhood, usurper black guy? I say we let him run for POTUS again.
Larry Schmitt August 5th, 2016 at 14:20
Only if you agree to clean up the mess from all the exploding RW heads.
granpa.usthai August 6th, 2016 at 09:51
hell, I’ll join in on the clean up crew for free on that one. Make it real spiffy too, so that the little ones coming along don’t even remember.
granpa.usthai August 6th, 2016 at 09:49
well, I think he DESERVES a PAID real vacation. My thoughts were to give him AF-1, with full lifetime service as a going away gift from we the people. I just don’t think it would be right to make him WALK back to Hawaii.
CHOCOL8MILK August 5th, 2016 at 18:25
It’s OBAMA’s FAULT!!!!!
crc3 August 5th, 2016 at 20:27
Yes and I like it!!
granpa.usthai August 6th, 2016 at 09:45
ABSOLUTELY!
GOPs have done all they could possibly do over the past 7+ years to keep America where it was at – now, the only recourse is to support trump, the gop candidate for POTUS who refuses to release his CROOKED TAX RETURNS , and try to make America a FAILED government of we the people.
amersham1046 August 5th, 2016 at 18:27
But Donald said jobs are down
StoneyCurtisll August 5th, 2016 at 20:16
Donald lies~!
StoneyCurtisll August 5th, 2016 at 20:17
4.6% is considered full employment.
bpollen August 6th, 2016 at 04:23
Damn Obamacare killin’ all the jobs!