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Statement of
William J. Wiatrowski
Acting Commissioner
Bureau of Labor Statistics
Friday, August 4, 2017
Nonfarm payroll employment rose by 209,000 in July, and the
unemployment rate, at 4.3 percent, was little changed. Job gains
occurred in food services and drinking places, professional and
business services, and health care. Employment growth has
averaged 184,000 per month thus far this year, in line with the
average monthly gain in 2016 (+187,000).
In July, employment in food services and drinking places
rose by 53,000. The industry has added 313,000 jobs over the
year.
Professional and business services added 49,000 jobs in
July. Thus far this year, monthly job gains in the industry have
averaged 47,000, in line with average monthly employment growth
in 2016 (+45,000).
Health care employment grew by 39,000 over the month. Job
gains occurred in ambulatory health care services (+30,000) and
hospitals (+7,000). Over the past year, health care has added
327,000 jobs.
Mining employment was essentially unchanged in July. From
its recent low in October 2016 through June, the industry had
added an average of 7,000 jobs per month.
Employment in other major industries--construction,
manufacturing, wholesale trade, retail trade, transportation and
warehousing, information, financial activities, and government--
showed little change over the month.
Average hourly earnings of all employees on private nonfarm
payrolls increased by 9 cents to $26.36 in July. Over the past
12 months, average hourly earnings have risen by 2.5 percent.
From June 2016 to June 2017, the Consumer Price Index for All
Urban Consumers (CPI-U) increased by 1.6 percent (on a
seasonally adjusted basis).
The major labor market indicators from the survey of
households changed little in July. Both the number of unemployed
people, at 7.0 million, and the unemployment rate, at 4.3
percent, were about unchanged over the month. After declining
earlier this year, the unemployment rate has changed little in
recent months.
Among the unemployed in July, 1.8 million had been
searching for work for 27 weeks or longer. These long-term
unemployed accounted for 25.9 percent of the total unemployed.
The labor force participation rate, at 62.9 percent,
changed little in July and has shown little movement on net over
the past year. The employment-population ratio, at 60.2 percent
in July, also was little changed over the month but is up by 0.4
percentage point over the year.
Among the employed, the number working part time for
economic reasons, also referred to as involuntary part-time
workers, was about unchanged at 5.3 million in July.
Among those neither working nor looking for work in July,
1.6 million people were marginally attached to the labor force,
321,000 lower than a year earlier. Discouraged workers, a subset
of the marginally attached who believed that no jobs were
available for them, numbered 536,000 in July, little different
from the prior year. (People who were marginally attached to the
labor force had not looked for work in the 4 weeks prior to the
survey but wanted a job, were available for work, and had looked
for a job within the last 12 months.)
In summary, nonfarm payroll employment increased by 209,000
in July, and the unemployment rate was little changed at 4.3 percent.