US adds a healthy 255,000 jobs, unemployment rate holds at 4.9%
The US economy added 255,000 jobs in July, as the unemployment rate held at 4.9%. This is according to the Bureau of Labor Statistics’ July US employment situation report.
“This is a ROBUST BLS employment report,” Allianz’s Mohamed El-Erian tweeted .
University of Michigan professor Justin Wolfers noted that the US has now seen jobs grow for a record 70 consecutive months. All of this reflects a healthy and generally improving US labor market.
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University of Michigan professor Justin Wolfers noted that the US has now seen jobs grow for a record 70 consecutive months.
“Here’s what’s so exciting: Job growth is expected to slow as the population ages and as we approach full employment,” Wolfers noted. “But it’s not listening.”
“All that presidential election rhetoric and huge crowds saying there are no jobs out there have it completely wrong,” Bank of Tokyo-Mitsubishi’s Chris Rupkey said. “The jobs data shows the economy is better than voters think.”
" (CNSNews.com) – 94,333,000 Americans were not in the labor force in July, a slightly better showing than June’s 94,517,000; and the labor force participation rate improved slightly, increasing a tenth of a point to 62.8 percent from June’s 62.7 percent, the Labor Department's Bureau of Labor Statistics reported on Friday.
In July, the nation’s civilian non-institutional population, consisting of all people 16 or older who were not in the military or an institution, reached 253,620,000. Of those, 159,287,000 participated in the labor force by either holding a job or actively seeking one.
The 159,287,000 who participated in the labor force equaled 62.8% percent of the 253,620,000 civilian non-institutional population. "
Why is 94M Americans not working GOOD NEWS??????????? That equals 37% of available workers not working - and ya'll are happy 'bout that???
But only 9,000 manufacturing jobs....
And this was under Obama's leadership. Maybe we're not so bad off as you would have us believe...