Written By ESR News Blog Editor Thomas Ahearn
The United States economy added 209,000 jobs in July 2017 while the unemployment rate decreased by 0.1 percentage point to 4.3 percent, according to the Employment Situation Report released by the U.S. Department of Labor’s Bureau of Labor Statistics.
The jobs report revealed that the number of unemployed persons in the U.S. remained at 7.0 million in July 2017. Employment growth has averaged 184,000 per month thus far this year. Employment rose in drinking places, professional and business services, and health care in July.
- Food services and drinking places employment rose by 53,000 jobs in July and has added 313,000 jobs over the year.
- Professional and business services employment added 49,000 jobs in July, in line with its average monthly job gain over the prior 12 months.
- Health care employment increased by 39,000 jobs in July and has added 327,000 jobs over the past year.
- Mining employment added 1,000 jobs in July and has added an average of 7,000 jobs per month from a recent low in October 2016 through June 2017.
Employment in other major industries, including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, financial activities, and government, showed little change over the month, according to the report.
The change in employment for May 2017 was revised from 152,000 to 145,000 jobs added while June 2017 was revised from 222,000 to 231,000 jobs added. With the revisions, employment gains in these two months were 2,000 jobs more than previously reported.
The Employment Situation Report is usually released on the first Friday of every month. The Employment Situation for August 2017 is scheduled to be released on September 1, 2017. Until then, the latest Employment Situation Report is available at www.bls.gov/news.release/empsit.nr0.htm (PDF).
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