The U.S. economy under the direction of President Donald Trump added 157,000 jobs in July according to the BLS Labor Statistics
— BLS-Labor Statistics (@BLS_gov) August 3, 2018
The unemployment rate fell to 3.9 from 4 percent in June, Estimates had been set at about 190,000 jobs in July. the labor market’s produced 59,000 more jobs than previously reported in May and June. Employers added 268,000 jobs in May and 248,000 in June.
3.9 million new jobs have been created since November 2016, and the unemployment rate dropped to 3.9%, according to the July 2018 @BLS_gov #JobsReport released today. https://t.co/l7Rh7tlJt3 pic.twitter.com/xotiKATGN2
— US Labor Department (@USDOL) August 3, 2018
Gus Faucher, chief economist at PNC said “Job growth slowed a bit in July to 157,000, but that followed two straight months of very strong gains, and the job market is in great shape in the middle of 2018,”
Job gains have averaged 224,000 a month over the past three months which shows that the job market is going strong. Jobs growth has averaged 215,000 a month so far this year, above last year’s pace of 182,000.
Martha Gimbel, director of economic research at Indeed said “While job growth in July was lower than expected, there is no need to panic — 157,000 is still a good number, and this solid jobs report continues the longest streak of job growth on record,” she finished off by saying “Average job growth so far this year is still higher than in 2016 and 2017, which is astonishing at this point in a recovery,”
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