July’s job report saw an increase of 209,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Job gains occurred in food services and drinking places, professional and business services and health care.
Over the past three months, job gains have averaged 195,000 per month.
July’s unemployment rate decreased marginally to 4.3%, down from 4.4% in June. The civilian labor force participation increased slightly by .1 to 62.9%.
The report found that in July, average hourly earnings for employees on private, nonfarm payrolls increased by 9 cents to $26.36. Over the year, average hourly earnings have risen by 2.5%.