Payroll employment grew by 207,000 in July, and the unemployment rate was unchanged at 5.0 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today.
This followed job gains of 126,000 in May and 166,000 in June
(as revised). In July, payroll employment rose in many service-providing industries.
Retail trade employment rose by 50,000 in July, following little change in June. This industry has gained 197,000 jobs over the year.
In July, employment in professional and technical services increased by 23,000. Over the year, this industry has added 211,000 jobs.
Employment in financial activities rose by 21,000 over the month.
In the goods-producing sector, construction employment continued to trend up. Thus far this year, job gains in construction have averaged 21,000 per month, about in line with the average monthly increase for 2004. In July, manufacturing employment was about unchanged
Meanwhile, the average workweek for production or nonsupervisory workers on private payrolls was unchanged at 33.7 hours in July, seasonally adjusted. The manufacturing workweek remained at 40.4 hours, while manufacturing overtime increased by 0.1 hour to 4.5 hours
Average hourly earnings of production or nonsupervisory workers on private payrolls rose by 6 cents in July to $16.13, seasonally adjusted. Average weekly earnings increased by 0.4 percent over the month to $543.58. Over the year, both average hourly and weekly earnings grew by 2.7 percent.