The U.S. Economy Added 209,000 Jobs in July

The unemployment rate has ticked up to 6.2 percent.

Enjael Jenkins fills out an application at a job fair on June 12, 2014 in Chicago, Illinois. 
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Matt Berman
Aug. 1, 2014, 4:32 a.m.

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.


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