Published: Sun, August 05, 2018
Money | By Michele Stevens

Healthcare added 34% fewer jobs in July

Healthcare added 34% fewer jobs in July

But major Spanish-language news media outlets Univision and Telemundo omitted the historical significance of the number from their reports both this month and the last. The unemployment rate fell one-tenth of a percentage point to 3.9 percent, as expected and is around its lowest level in almost 50 years.

Ahead of this morning's new jobs report, most projections said the US economy added roughly 190,000 jobs in July. Leisure and hospitality was a main contributor with 40,000 jobs, while health care and social assistance added 33,500 and professional and business services added 51,000 - including about 28,000 in temporary help, the most in more than a year. It rose in June from an 18-year low of 3.8% in May.

Employment also fell marginally in logging and mining, a sector that includes the oil industry, as well as in financial services, leisure and hospitality and in government.

The jobless rate unexpectedly climbed to 4 percent in June - up from 3.8 per cent in May, the lowest level since 2000 - mainly because more people were actively looking for work.

Man Hit By Car During ‘In My Feelings’ Challenge
This has actually left the police anxious as the trend is turning out to be deadly with people injuring themselves. Are people taking the " Shiggy Challenge " too far? Earlier Mumbai Police also criticised the challenge.

The decline in the jobless rate reflected a 284,000 decline in the number of unemployed people in the workforce, while the number of employed increased by 389,000.

"If this was a prez [presidential election] year, these strong jobs reports would matter so much more for the elections", CNN election analyst Harry Enten said Friday on Twitter. The 3.9% unemployment rate suggests workers are in short supply.

Economists had expected the jobs report to show nonfarm payrolls increasing by 193,000 on net. Average hourly earnings rose by 0.3% in July month-on-month, a gain of 0.1 percentage points in line with economists' estimates.

The overall recent surge of job gains may reflect, in part, confidence among some businesses that the Trump administration's tax cuts will accelerate growth - even though a growing roster of economic experts disagree with that assumption. That kept the annual increase in wages at 2.7% in July. Retail payrolls rebounded by 7,100 jobs last month after losing 20,200 in June.

Alisson Set to Make Liverpool FC Debut on Saturday vs Napoli
In Liverpool's penultimate preseason friendly, Alisson will face a side from the league that he just came from in Napoli . Firmino isn't the only one to return to Liverpool training this week, as Trent Alexander-Arnold also joined the squad.

The job market keeps pumping out jobs.

That said, the revisions for the two previous months - May and June - looked very good, with a combined gain of 59,000 jobs as compared to previous BLS reports.

"While this increased employment is undoubtedly good news, job growth exacerbates the monumental manufacturing workforce shortage", she said.

Iran policy unaffected by Trump’s negotiation offer to Tehran
In May, the USA abandoned a deal which curbed Iran's nuclear activities in return for the lifting of sanctions . Also on Tuesday, the USA president said he has "a feeling" the Iranians will "be talking to us pretty soon".

Like this: