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.

Poll finds warmer feelings for America in Russian Federation after Putin-Trump summit
There have always been allegations that the Russian government intervened in the 2016 US Presidential Election to help Trump. No. 3 Senate GOP leader John Thune of South Dakota said, "The idea that they should truncate it doesn't make sense to me".

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.

Related News:



Most liked

Chelsea Rocked As Star Player's Agent Demands A Move To Real Madrid
Courtois , who previously played on loan for Atletico Madrid , wants to return to Spain , where his two young children live. The failed Pickford move means Chelsea believe they have exhausted their options in terms of a replacement for Courtois .

Jurgen Klopp explains dual importance of Liverpool’s upcoming Anfield friendly against Torino
Naby Keita is fit again after sitting out the last two games , and Daniel Sturridge has also returned to full training. Liverpool face Napoli on Saturday as they wind down their pre-season, with Alisson set to make his debut.

Pompeo Renews Calls for the Return of American Pastor Imprisoned in Turkey
Brunson has ties to a Turkish preacher now living in exile in the USA whom Ankara accuses of fomenting the coup. Pastor Brunson is an innocent pastor and they need to let him return to the United States".

Galaxy Note 9's redesigned rear officially confirmed by Samsung
It is said that Note 9 will come with an improved cooling system and S Pen and apparently an attention to the gaming world. The one design change is a reworked fingerprint reader placement, which was panned a year ago for being too hard to reach.

Google to launch censored search engine "Dragonfly" in China
Whether or not tech companies should enable censorship and the following oppression of a nation's people is open to debate. This has very serious implications not just for China, but for all of us, for freedom of information and internet freedom.

Chelsea vs Manchester City: Sarri reveals what Blues' XI will look like
Maurizio Sarri seems impressed by Hudson-Odoi and has stated that the player will be a part of the side for the upcoming campaign. Director Marina Granovskaia was also elated, adding, "We are very happy to secure Pedro's services for another year".

Indian aunty defies cops, takes on the 'In My Feelings' Challenge
He added that he will comment on the details of the case after getting further information on the same. A Boynton Beach man was a struck by a auto while filming a video for the so-called Keke Challenge.

As Urban Meyer situation unfolds, here’s what Will Muschamp told his staff
She continued, "When somebody is crying out for help, I believe, the coach along with the coach's wife have a duty". It's unfortunate that the guy ( Zach Smith ) was allowed to be on the staff for that long a period of time.

Samsung Electronics reports lower-than-expected profit - 7/30/2018 7:57:07 PM
Samsung said sales of Galaxy S9 smartphones slowed while its flagship memory chip business continued to post a robust result. Samsung said it expected "growing demand for flexible OLED panels to drive earnings higher in the second half" of the year.

Trump calls Kochs a 'total joke' after break with GOP candidate
Trump's policies also have not always been in line with the Kochs' political group-Americans for Prosperity. Responding to Trump's social media attack, Koch spokesman James Davis was measured.

Mars Will Be Close To Earth On July 31
Meanwhile the very bright planet Venus pops up in the very low western sky in the evening twilight, but sets shortly thereafter. Even though some water may have been discovered there, Mars has less than 1% of the atmospheric pressure of that on Earth.

DJ Khaled sends love to Demi Lovato
Another source tells ET that, as of Monday morning, "Demi is still in hospital and working on getting better and recovering". Lovato was rushed to hospital last Tuesday (local time) after an unknown drug overdose .

Lewis Hamilton extends his lead with victory in Hungary
Lewis Hamilton dealt another blow to Sebastian Vettel by winning the Hungarian Grand Prix and extending his championship lead. He said: "We lost out and we came out behind, that didn't help".

Republican Strategist: Giuliani's Collusion Claims Are All For Show
Following the lead of his lawyers, President Donald Trump on Tuesday said collusion "is not a crime ". He said: "I have been sitting here looking in the federal code trying to find collusion as a crime.

Should Trump meet the mullahs?
Senior American officials have stated that there is no change in America's firm policy on Iran". USA financial sanctions take effect next week.