209,000 jobs added in July

Posted by Paladin on August 04, 2017

209,000 jobs added in July

The Latest From the BLS Employment Report:

The Labor Department released its July hiring and unemployment figures on Friday morning, providing the latest snapshot of the American economy.

The July jobs report showed an increase in total nonfarm employment by 209,000 jobs. The unemployment rate decreased slightly to 4.3 percent, continuing to hover at a 16-year low. The June jobs report was also revised up by 9,000 jobs to 231,000. This news is expected to have positive results in the stock market and government bonds.

This month, the largest employment increases occurred in food services and drinking places, professional and business services and health care.

Economists’ predictions

Economists had expected employment gains of 180,000. Actual gains of 209,000 exceeded those expectations.

This Month’s Jobs Report

Let’s break down the numbers from this month’s jobs report.

In July, hourly wages increased by $0.09 to $26.36 per hour, following a 5 cent increase in June. This brings the year-over-year wage percentage increase to 2.5 percent. The unemployment rate saw a slight downtick to 4.3 percent.

Wages

  • $26.36 July
    • 0.09 month-over-month
    • 2.5% year-over-year
  • $26.27 June

Unemployment

  • 4.3% July
    • -0.1% month-over-month
  • 4.4% June

National Unemployment Rate

July 2015-2017

In-Depth Look: Our Industries

Let’s take a look at how the Accounting and Finance industry is performing.

Manufacturing

  • Month-over-month change: 16,000
  • 66,000 jobs added year-over-year

Administrative and support services

  • Month-over-month change: 30,200
  • 271,000 jobs added year-over-year

Advertising and related services

  • Month-over-month change: -900
  • -4,800 jobs lost year-over-year

Professional and business services

  • Month-over-month change: 49,000
  • 580,000 jobs added year-over-year

Publishing industries, except Internet

  • Month-over-month change: -600
  • -9,100 jobs lost year-over-year

Hospitals

  • Month-over-month change: 7,300
  • 87,300 jobs added year-over-year

Data processing, hosting and related services

  • Month-over-month change: 1,200
  • 5,000 jobs added year-over-year

Construction

  • Month-over-month change: 6,000
  • 191,000 jobs added year-over-year

Specialized design services

  • Month-over-month change: 900
  • 1,000 jobs added year-over-year

Transportation and warehousing

  • Month-over-month change: 900
  • 90,200 jobs added year-over-year

Office administrative services

  • Month-over-month change: 1,100
  • 28,900 jobs added year-over-year

Health care

  • Month-over-month change: 39,400
  • 326,700 jobs added year-over-year

Motion picture and sound recording industries

  • Month-over-month change: 2,100
  • -17,700 jobs lost year-over-year

Posted in: Employers, Job Seekers, Jobs Reports

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