To Pile Onto an Already Insane Week, Joe Biden Tests Positive for COVID.
Convicted Felon Sen. Bob Menendez Says He'll Be Resigning
Another Brutal Development in the Trump Assassination Attempt Just Dropped
'Shifty Adam Schiff' Just Threw Biden Under the Bus
LIVE UPDATES: Trump Assassination Attempt
Hey! Are Those Bullets in Your NPR Tote?
Democrats Are Going to Need a Back Up Plan If They Want to...
Schumer Tried to Delay Nominating Biden, Buying Time to Find a Replacement
A Controversial Transgender Clinic for Children Is Closing
Comer Officially Subpoenas Secret Service Director for Hearing on Trump Assassination
Suspect in the Charlotte Shooting Spree Was Due for Deportation
Newsom Signed a Bill Eroding Parental Rights. Here's How One School District Responded.
Here's Why Kamala Harris' Post About JD Vance Is Particularly Awful
NBC's New Poll Reveals More Dems Are Running From Joe
'Real-Life Impact and Damage': AGs File Title IX Cert Petition With Supreme Court

Economy Added 255,000 Jobs in July

The economy added 255,000 jobs in July—a strong showing for the second month in a row. The unemployment rate remained unchanged at 4.9 percent, the Labor Department said on Friday.  


Economists surveyed by Bloomberg had forecast 180,000 job gains.

Businesses added 217,000 jobs, led by professional and business services, health care and finance. Federal, state and local governments added 38,000.

Also encouraging: Job gains for May and June were revised up by a total 18,000. May’s was revised to 24,000 from 11,000, and June’s to 292,000 from 287,000.

Average hourly wages rose 8 cents to $25.69 and are up 2.6% the past year, maintaining the annual rise posted in June. Earnings growth has picked up moderately this year from the roughly 2% pace that has prevailed in the recovery but has yet to surge despite the near-normal unemployment rate. The Federal Reserve is looking for stronger pay increases and inflation before lifting interest rates again.

The July report could help determine whether the Fed will raise interest rates in the fall. 


Join the conversation as a VIP Member


Trending on Townhall Videos