Job growth has hit more than 200,000 each month for the past six months, the first time that mark has been reached since 1997.
The U.S. added 209,000 jobs in July, the Bureau of Labor Statistics said Friday, and the unemployment rate ticked up to 6.2%. Meanwhile, last month's report was revised up to 298,000 from 288,000, and May was revised up to 229,000 from 224,000.
"Quite a milestone today in terms of the number of nonfarm payroll jobs the economy is creating. Six months in a row of big 200K or more monthly numbers. The labor market is strong," said Chris Rupkey, the chief financial economist at Bank of Tokyo-Mitsubishi UFJ.
Here are the last six months of job gains, according to the latest BLS revisions:
• July: 209,000
• June: 298,000
• May: 229,000
• April: 304,000
• March: 203,000
• February: 222,000
'via Blog this'
No comments:
Post a Comment