US created 209,000 jobs in July, vs 183,000 jobs expected
The U.S. economy added 209,000 jobs in July and the unemployment rate dipped to 4.3 percent, according to a government report Friday.
The report comes with the economy at a crossroads as President Trump has promised 3 percent economic growth.
The U.S. economy added 209,000 jobs in July and the unemployment rate was 4.3 percent, according to a government report Friday.
Economists surveyed by Reuters had expected the report to show growth of 183,000 with the jobless rate ticking down to 4.3 percent, the lowest since March 2001. A more encompassing rate that includes discouraged workers and the underemployed was unchanged at 8.6 percent.
The number of employed Americans also hit a fresh new high at 153.5 million. The employment-to-population ratio also moved up to 60.2 percent, its highest level since February 2009.
Stock market futures liked the news, rising to indicate a positive open, while government bond yields also moved considerably higher.
The closely watched wage number was unchanged from previous months, with average hourly earnings up 2.5 percent. The average work week also was unchanged at 34.5 hours.