US Economy Adds 164K Jobs in July


Nonfarm payrolls in the US increased by 164 thousand in July of 2019, following a downwardly revised 193 thousand in June and in line with market expectations. Notable job gains occurred in professional and technical services (+31,000), health care (+30,000), social assistance (+20,000), and financial activities (+18,000).

Professional and technical services added 31,000 jobs in July, bringing the 12-month job gain to 300,000. In July, employment increased by 11,000 in computer systems design and related services; this industry accounted for about one-third of employment growth in professional and technical services both over the month and over the year. 

Employment in health care rose by 30,000 over the month, reflecting a gain in ambulatory health care services (+29,000). Health care employment has increased by 405,000 over the year, with ambulatory health care services accounting for about two-thirds of the gain. 

Social assistance added 20,000 jobs in July. Employment in this industry has increased by 143,000 over the year.

In July, financial activities employment rose by 18,000, with most of the gain occurring in insurance carriers and related activities (+11,000). 

Mining employment declined by 5,000 in July, after showing little net change in recent months. 

Manufacturing employment changed little in July (+16,000) and thus far in 2019. Job gains in the industry had averaged 22,000 per month in 2018. 

Employment in other major industries, including construction, wholesale trade, retail trade, transportation and warehousing, information, leisure and hospitality, and government, changed little over the month.

In July, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $27.98, following an 8-cent gain in June. Over the past 12 months, average hourly earnings have increased by 3.2 percent. In July, average hourly earnings of private-sector production and nonsupervisory employees rose by 4 cents to $23.46.

The average workweek for all employees on private nonfarm payrolls decreased by 0.1 hour to 34.3 hours in July. In manufacturing, the average workweek decreased by 0.3 hour to 40.4 hours, and overtime declined by 0.2 hour to 3.2 hours. The average workweek of private-sector production and nonsupervisory employees declined by 0.1 hour to 33.5 hours.

US Economy Adds 164K Jobs in July


BLS | Agna Gabriel | agna.gabriel@tradingeconomics.com
8/2/2019 12:52:32 PM