Economy Added 157,000 Jobs In July; Unemployment Dips Below 4 Percent For The First Time Since 2000

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Payrolls grew by a lower-than-expected 157,000 in July, and the unemployment rate edged down to 3.9 percent, as projected, the Labor Department said Friday.

Manufacturing jobs grew by 37,000 in July, jobs in professional and business services were up 51,000, and leisure and hospitality jobs rose 40,000.

Private analysts had estimated that about 190,000 jobs were added in July, and they had expected the unemployment rate to inch down to 3.9 percent from June’s 4 percent. Before this year, the last time the jobless rate was this low was in 2000.

Read more at NPR.

{Matzav.com}

 

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