Employment overall lags, while trucking adds 4400 jobs in July

US job creation has averaged 224,000 over the past three months stronger than in 2017 and the unemployment rate fell back to 3.9

The Labor Department on Friday released its hiring and unemployment figures for July, providing a fresh snapshot of the USA economy. The nation as a whole added 157,000 jobs across all industries in July, fewer than in June when an upwardly revised 248,000 jobs were added, and in May when an upwardly revised 268,000 workers were added to payrolls. The results fell short of the forecasts of analysts, who expected 190,000 jobs to be created during the month.

The US Department of Labor also said the unemployment rate fell from 4.0 per cent to 3.9 per cent in July, near to the 18-year low it reached in May. The unemployment rate had ticked up in June as the healthy jobs market attracted more workers back into the labor force.

"Congress and the administration have taken important steps in recent weeks to tackle this challenge, but this jobs report is a reminder that more work needs to be done through partnerships with the private sector to solve the workforce crisis", she said.

"Today's #JobsReport shows the continued strength of our economy". Average hourly earnings rose by seven cents to $27.05, the bureau report said.

USA employment has risen for 94 consecutive months, the longest jobs-expansion streak on record. Retail payrolls rebounded by 7,100 jobs last month after losing 20,200 in June.

If the pace of hiring continues at the same rate it has since January, the United States is likely to add about 2.6 million jobs this year, which would be the strongest since 2015. It's the second lowest monthly jobs total of the year. Typically, businesses raise wages when it's hard to find the talent they want, but annual wage growth remained at a tepid 2.7 percent, the Labor Department said.

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Hary Bottka, senior vice president at Randstad Sourceright, which manages hiring for clients in the manufacturing, financial services and health care industries, says companies are increasingly thinking about converting contract workers, over time, to permanent employees.

There have also been concerns that the trade tensions could dampen business confidence and lead companies to shelve spending and hiring plans. Wage growth has been stuck around that level for two years.

The most notable job gains in July came from the manufacturing sector, which added 37,000 jobs during July.

Expectations were for the economy to add 193,000 jobs with the unemployment rate falling to 3.9%.

Construction boosted jobs by 19,000 following a 13,000 gain.

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