July Jobs Report Hits Record

Posted: Aug 04, 2017 10:40 AM
July Jobs Report Hits Record

U.S. employers added 209,000 jobs in July, according to the Bureau of Labor Statistics. If the numbers hold, it is a new record. 

The unemployment rate is also down to 4.3 percent. The Washington Free Beacon broke it down.

There were 349,000 more Americans who joined the labor force in July, while 156,000 fewer left. From June to July, the number of those in the labor force grew from 160,145,000 to 160,494,000, another record high.

The number of Americans not participating in the labor force declined from 94,813,000 in June to 94,657,000 in July. The bureau counts those not in the labor force as people who do not have a job and did not actively seek one in the past four weeks.

Only 900 jobs were added in retail, but other industries saw major gains. Food services and drinking establishments increased by 53,000 jobs. Professional and business services are up 49,000 jobs, the health care industry is up 39,000 jobs, and manufacturing is up 16,000 jobs. 

If you're keeping track, one million new jobs have been created since January. 

The president said these numbers were just the beginning.

House Minority Leader Nancy Pelosi sees nothing to celebrate, using the GOP's failed health care efforts to insist the American people "deserve better."

In recent weeks, however, Trump has announced that some major companies are opening plants here in the U.S.. Foxconn, expected to open in Wisconsin, will create 3,000 jobs, with a potential of 13,000 jobs. Toyota and Mazda will be following suit, building a $1.6 billion plant and creating 4,000 jobs, the president tweeted Friday.

The Trump administration's consistently positive jobs reports may only go so far, as the mainstream media has had plenty to report on in regards to palace intrigue within the White House, staff turnover, and, last but not least, Russia.

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