In July, nonfarm payrolls increased by 117,000. The figure came in above the 46,000 jobs added in June (previously reported: 25,000) and overshot market expectations, which had payrolls rising by 75,000. As in previous months, the private sector was entirely responsible for new hiring and added 154,000 jobs, which also exceeded market expectations of 108,000. In contrast, the public sector shed 37,000 jobs. Meanwhile, the unemployment rate inched down over the previous month to 9.1% (June: 9.2%), which marked the first decline in four months. The moderation reflected a stronger-than-expected payroll increase but also a drop in the participation rate, which fell to its lowest level in 28 years. The economy lost a total of 7.4 million jobs during the recession, which officially was from December 2007 and June 2009. Since then, the economy has added just 600,000 new jobs and is not expected to make a major comeback in the coming quarters.
United States Unemployment
Unemployment inches down for the first time in four months
August 5, 2011
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United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.