Via Reuters/the NYT: U.S. Employers Added 207,000 in July, Better Than Expected
U.S. job growth picked up last month as employers added 207,000 workers to their payrolls, a healthy gain that outstripped Wall Street expectations, a government report showed on Friday.The unemployment rate held steady at the 2-3/4-year low of 5 percent reached in June, the Labor Department said.
While some economists had thought the report might be skewed by Hurricane Dennis, which battered the Florida panhandle in mid-July, the department said the storm appeared to have no discernible impact on the data.
Overall, the report was a bit stronger than Wall Street analysts had expected. Economists had forecast a job gain of 183,000 with the jobless rate steady.
A net upward revision of 42,000 to the job growth figures for May and June contributed to the report’s solid tenor. U.S. employers added 166,000 workers in June and 126,000 in May.
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August 5th, 2025 at 10:46 am
What kind of jobs are attributing to this growth? I would say that we should not count Walmart greeter positions or other minimum wage jobs because really it just seems one step above unemployement payments, but still below the poverty level, which also means they cannot afford health care.
August 5th, 2025 at 11:13 am
I just read the story in the NYTimes and the growth does sound hopeful:
Average wages increased to $16.13 an hour, up 6 cents from last month, the biggest increase in a year. That suggests businesses are beginning to compete more aggressively for workers and employees are regaining some of the clout they wielded in the late 1990′s.