Aug 5, 2016
The labor market exhibited signs of strength in July despite continued global headwinds and sluggish second quarter economic growth, adding 255,000 jobs in the month. According to the monthly report by the Bureau of Labor Statistics, payrolls registered a second month of robust gains, wages continued to rise, and weekly hours ticked up. Meanwhile, the unemployment rate held steady at 4.9 percent even as more Americans entered the labor force. For more analysis, see The Top Line below and online here.
