July Jobs Report: U.S. Added 164,000 Jobs; Unemployment Unchanged
Posted on AllSides August 2nd, 2019
From The Left
164,000 jobs were added last month. Economists had expected a gain of about 165,000.
The unemployment rate was 3.7 percent, the same as in June.
Average hourly earnings rose by 0.3 percent. The year-over-year gain was 3.2 percent.
The Takeaway
Just two days after the Federal Reserve moved to ward off economic snags by paring interest rates, the monthly jobs report signals that the labor market is maintaining its energy during a record-long hiring streak.
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