Job creation in July kept up its sizzling June pace, with nonfarm payrolls growing by 209,000 while the unemployment rate slid down to 4.3%.
Economists had been expecting payroll growth of 180,000 and a slight decline in unemployment. Last month, the economy added 231,000 jobs.
Excellent Jobs Numbers just released – and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!
— Donald J. Trump (@realDonaldTrump) August 4, 2017
Employment rose in restaurants and bars, white collar jobs, and health care. Employment in mining and manufacturing, two major areas of focus for the Trump administration, was unchanged.
The labor force participation rate, at 62.9 percent, was little changed. This rate has remained steady for the past year.
