03/29/2024

Jobs Report: US Employers Add 209,000 Positions

Hiring by U.S. employers remained robust in July, if a bit slower than previous months, with a broad-based rise in payrolls extending a half-year streak of strong employment gains. . . The unemployment rate, obtained via a separate survey of households, ticked up to a seasonally adjusted 6.2% in July from 6.1% in June. The rise in part reflects an increase in the number of people looking for jobs, some of whom are now being counted as unemployed. The labor-force participation rate ticked up slightly in July, to 62.9% from 62.8% in June, though it remained near its lowest level since the late 1970s.

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