July’s job report saw a gain of 943,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Employment gains happened in leisure and hospitality, in local government education and in professional and business services.
July’s unemployment rate declined to 5.4%, down from 5.% in June. The civilian labor force participation was 61.7%, little changed from 61.6% in June.
The report found that average hourly earnings for employees on private, nonfarm payrolls rose by 11 cents to $30.54.