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America added 255,000 jobs in July, but unemployment rate unchanged
Keywords: U.S. Economy, 2016 Jobs Report, U.S. Unemployment, ,
Tags: Current Focus, United States,
The Labor Department reports that the U.S. added 255,000 jobs in July 2016.Unemployment remained steady at 4.9%. Of the jobs added, 70,000 were in business and professional services, 43,000 in health care, 38,000 in government mostly in local education, 18,000 in financial services. Yet growth remains slow at 1.2%. Businesses are willing to hire new employees, but reluctant to make new investments in the prevailing uncertainty. Wage growth for average hourly earnings was about 2.6% for the year. Improvements in the jobs picture is likely to influence the U.S. presidential election.
The puzzle of continuing U.S. job gains in 2014-2015 with tepid wage growth, low productivity, and low economic growth
03/06/2015
Weak business investment, low productivity, slack in the labor market, and more low paying jobs are some of the reasons explaining the puzzle of job gains in 2014-2015 with small wage gains.
Grouped Articles
Sluggish Productivity Hampers Wage Gains
Wall Street Journal 03/07/2015
After a Bounce, Wage Growth Slumps to 0.1%
New York Times 03/06/2015
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
New York Times 03/06/2015
Slowing Job Growth Tests Economy
Wall Street Journal 04/04/2015
U.S. Economic Growth Nearly Stalls Out
Wall Street Journal 04/29/2015
The Mystery of Declining Productivity Growth
Wall Street Journal 05/15/2015
Lower unemployment in the U.S. in 2015 with weak wage gains, low productivity growth and low GDP growth
03/06/2015
Productivity growth in the U.S. since 2009 is about 1.3% according to the Labor Department, with slack in the labor market not reflected in the 5.5% unemployment rate in Feb. 2015, resulting in tepid wage gains. GDP growth for the same period is an average of about 2% with businesses not increasing capital spending as they did in previous expansions.
Grouped Articles
Sluggish Productivity Hampers Wage Gains
Wall Street Journal 03/07/2015
After a Bounce, Wage Growth Slumps to 0.1%
New York Times 03/06/2015
The New Jobs Report Shows Janet Yellen’s Quandary in a Nutshell
New York Times 03/06/2015
Slowing Job Growth Tests Economy
Wall Street Journal 04/04/2015
Oil Layoffs Hit 100,000 and Counting
Wall Street Journal 04/15/2015
U.S. Economic Growth Nearly Stalls Out
Wall Street Journal 04/29/2015
U.S. Labor Department Jobs reports for 2016
06/06/2016
Grouped Articles
The New York Times 06/06/2016
America added 255,000 jobs in July, but unemployment rate unchanged
Washington Post 08/05/2016
Robust Jobs Report Spurs Fed Watch
WSJ 08/05/2016
Modest U.S. Jobs Growth Keeps Labor Market Steady
WSJ 10/07/2016
U.S. Adds 161,000 Jobs in October; Jobless Rate Ticks Down to 4.9%
WSJ 11/04/2016
Election campaigns and the Labor Department's Bureau of Labor Statistics unemployment numbers for September 2012
10/05/2012
Grouped Articles
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
Explaining the Big Gain in Job Getters
New York Times 10/05/2012
Jack Welch: ‘I Wasn’t Kidding’
Wall Street Journal 10/05/2012
Jack Welch: I Was Right About That Strange Jobs Report
Wall Street Journal 10/10/2012
America added 255,000 jobs in July, but unemployment rate unchanged
Washington Post 08/05/2016
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