Here are the official numbers:
“Total nonfarm payroll employment rose by 255,000 in July, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported today.” – US Bureau of Labor Statistics
The 255,000 jobs is significant and positive because it exceeded the expectation of 185,000 jobs and follows the June report that also surprised with 292,000 jobs.
While the number of jobs was up, the percentages didn’t change.
“Both the labor force participation rate, at 62.8 percent, and the employment-population ratio, at 59.7 percent, changed little in July.” – US Bureau of Labor Statistics
While the politicians and economists try to use the numbers to create or predict a narrative, there are more than a half million people in the US whose situations have financially improved in the last two months.
(Click on the graph for the link.)
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