July’s job report saw a gain of 164,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. There was an increase in professional and technical services, in health care, social assistance, and in financial activities.
Over the past three months, job gains have averaged 140,000 per month.
July’s unemployment rate remained at 3.7% same as June. The civilian labor force participation was 63.0%, slightly up from 62.9% in June.
The report found that in July, average hourly earnings for employees on private, nonfarm payrolls rose by 8 cents to $27.98. Over the year, average hourly earnings have risen by 3.2%.