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US Economy Adds 164,000 Jobs In July

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Source: US Bureau Of Labor and Statistics

The US economy continued its success story after adding an additional 164,000 jobs in July.

According to information released by the Bureau of Labor Statistics, professional and technical services, healthcare, social assistance and financial activities were the sectors that showed notable job gains.

Bureau of Labor Statistics reported monthly job gains have averaged 165,000 in 2019, compared with an average gain of 223,000 per month in 2018. In July, 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.

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Source: US Bureau Of Labor and Statistics

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.

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Source: US Bureau Of Labor and Statistics

Employment changed little in July in construction, wholesale trade, retail trade, transportation and warehousing, information, leisure and hospitality, and government.

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