Headline Roundup • August 6th, 2021
US Adds 943,000 Jobs in July, Beating Expectations
Summary from the AllSides News Team
The U.S. economy added 943,000 jobs in July, the most in a month since August 2020. Widely-cited predictions from economists estimated that between 845,000 and 870,000 jobs would be added in July. The unemployment rate fell from 5.9% to 5.4%, and the labor force participation rate climbed to 61.7%, which is tied for the highest it's been since the pandemic began in March 2020. Average hourly earnings also rose 0.4% month-over-month and 4% annually, slightly more than expected.
The report received prominent coverage across the spectrum Friday, with most reports framing the data as a positive sign of the economy's recovery in spite of the COVID-19 Delta variant's spread.
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Fox Business
U.S. employers hired more workers than expected last month as a number of states ended extended unemployment benefits before the September expiration.
Nonfarm payrolls increased by 943,000 workers in July as the unemployment rate fell to 5.4%, the Labor Department said Friday. Analysts surveyed by Refintiv were expecting 870,000 jobs gained and the unemployment rate to fall to 5.7% from 5.9%. June’s reading was revised higher by 88,000 jobs to 938,000.
"Although there have been some cracks in the armor, today’s jobs number showed that once again our economy is incredibly...
CNN Business
The US economy added 943,000 jobs in July and the unemployment rate fell to 5.4% — a new low of the pandemic era — the Bureau of Labor Statistics reported Friday.
It was the biggest job gain since August last year, when more than 1 million positions were added back, and more than the 870,000 economists had expected.
The June jobs gains was revised up as well, to 938,000 positions added, showing the recovery's strong pace over the summer.
Since May 2020, America has added back 16.7 million jobs. But it's still 5.7 million short of...
CNBC
Hiring rose in July at its fastest pace in nearly a year despite fears over Covid-19′s delta variant and as companies struggled with a tight labor supply, the Labor Department reported Friday.
Nonfarm payrolls increased by 943,000 for the month while the unemployment rate dropped to 5.4%, according to the department’s Bureau of Labor Statistics. The payroll increase was the best since August 2020.
Economists surveyed by Dow Jones had been looking for 845,000 new jobs and a headline unemployment rate of 5.7%. However, estimates were diverse amid conflicting headwinds...
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