The U.S. economy added 209,000 jobs last month, according to the new jobs report out Friday morning from the Bureau of Labor Statistics. The unemployment rate rose from 6.1 to 6.2 percent.
Economists had been expecting around 233,000 added jobs in July, and an unchanged unemployment rate. The economy has now added more than 200,000 jobs per month for six consecutive months. It’s the first time the economy has had that kind of consecutive job growth since 1997.
The job gains in May and June were revised upward by a combined 15,000 jobs.
But many of the key parts of the report showed a lack of change from June. The number of long-term unemployed Americans, people out of work for 27 weeks or more, was roughly unchanged in July, at 3.2 million. The number of people working part-time for economic reasons also stayed about the same, at 7.5 million. The labor-force participation rate stayed about the same, at 62.9 percent. Average hourly wages increased by a cent, to $24.45.