164,000 Jobs Added on in US July Report

Credit: Wibbitz Top Stories
Published on August 2, 2019 - Duration: 01:09s

164,000 Jobs Added on in US July Report

164,000 Jobs Added on in US July Report In terms of the unemployment rate, the Labor Department says it remains at 3.7%.

The 164,000 positions is 1,000 less than what analysts predicted for July.

The unemployment rate is .1% higher than what was expected.

According to NPR, average hourly wages are now at $27.98 after increasing by 8 cents in July.

The job market is also continuing to perform well with 370,000 new additions being reported last month.

Despite good signs in the employment market, there is still concern about future economic growth in the U.S. The ongoing trade war between America and China is said to be big reason as it shows no signs of slowing down.

Interest rate cuts have also been issued by the U.S. Federal Reserve for the first time in over a decade.


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