The U.S. economy added 164,000 jobs in July, while the unemployment rate remained at 3.7%, making another record month for the Trump administration.
The Labor Department reports that these July numbers are “in line with average employment growth in the first 6 months of the year.” The labor force participation rate stayed the same at 63%.
Average hourly earnings rose 3.2% from a year ago, up from a 3% year-over-year gain in June.
Unemployment is near a half-century low. The overall U.S. economy remains on firm footing, and last month the expansion became the longest on record.
“This report is a sigh of relief,” said Daniel Zhao, a senior economist for the jobs site Glassdoor. “It had good solid numbers and was largely in line with expectations.”
The employment level for black Americans, age 16 and over, seasonally adjusted, was at a record level in July of 19,481,000 employed, according to CNS News. That is the highest number recorded by the Bureau of Labor Statistics since it started tallying the data in 1972. In June, the number was 19,199,000.
President Trump quoted from the Wall Street Journal on July 11: ““Nearly one million more blacks and two million more Hispanics are employed than when Barrack Obama left office, and minorities account for more than half of all new jobs created during the Trump Presidency. Unemployment among black women has hovered near 5% for the last six months, the lowest since 1972.” The Wall Street Journal Editorial Board, A Tale of Two Economies.”
….months, the lowest since 1972.” The Wall Street Journal Editorial Board, A Tale of Two Economies. @IngrahamAngle
— Donald J. Trump (@realDonaldTrump) July 11, 2019
Over the past six months, the economy has added jobs at a monthly average of roughly 141,000. That is down from a monthly average of 236,000 during the same period last year.
Another clear positive is that wage gains have been strongest for poorer workers. Lower-wage industries reported that average hourly earnings in those sectors jumped 4.6% from a year ago, considerably above the 2.5% pay gain for higher-wage industries, according to an analysis of the jobs report by Martha Gimbel, research director at the jobs site Indeed.
Vice President Mike Pence tweeted on Friday, “President Trump has been keeping his promises to the American people since day one! Wages are rising at the fastest pace in nearly ten years. And they are rising fastest for blue-collar Americans. The forgotten men and women of America are forgotten no more!”
President @realDonaldTrump has been keeping his promises to the American people since day one! Wages are rising at the fastest pace in nearly ten years. And they are rising fastest for blue-collar Americans. The forgotten men and women of America are forgotten no more!
— Vice President Mike Pence (@VP) August 2, 2019
In July, several industry sectors posted solid gains. Health care added a robust 30,400 jobs. Restaurants and bars added 15,400 jobs. Local governments contributed 14,000 jobs, primarily in education. The finance and insurance industry added 13,900.
Senate Republicans also share a good news, saying over 6.2 million job since President Trump’s election.
A *𝐑𝐄𝐂𝐎𝐑𝐃 𝐍𝐔𝐌𝐁𝐄𝐑* of Americans are on the job and wages continue to rise. pic.twitter.com/PqbWzLHgsw
— Senate Republicans (@SenateGOP) August 2, 2019
Includes reporting from the Associated Press.