US gained 164K jobs in July, signaling steady growth
Valerie Bolden-Barrett | August 05, 2019
The U.S. gained an estimated 164,000 nonfarm jobs in July, according to the U.S. Bureau of Statistics' (BLS) monthly jobs report. July's jobs gain lagged behind June's adjusted 193,000 total, but far exceeded May's adjusted 62,000 gain. The unemployment rate held steady at 3.7% from June's rate. Industry-based job growth was notable in professional and technical services (+31,000), healthcare (+30,000), social assistance (+20,000), and financial activities (+18,000). Little change occurred in manufacturing, construction, wholesale trade, retail trade, transportation and warehousing, information, leisure and hospitality, and government. However, mining declined by 5,000 jobs. The labor force participation rate rose slightly; the long-term unemployed number declined by 248,000.