July’s job report saw a gain of 1.8 million nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. The improvements are a reflection of the continued resuming of activities due to COVID-19. Employment rose in leisure and hospitality. Other gains include government, retail trade, professional and business services, other services and health care.
July’s unemployment rate dropped to 10.2%, down from 11.1% in June. The civilian labor force participation was 61.4%, slightly down from 61.5% in June.
The report found that in July, average hourly earnings for employees on private, nonfarm payrolls rose by 7 cents to $29.39.