Non-farm payrolls advanced 157,000 after an upwardly revised 248,000 increase, Labor Department figures showed Friday.
At this stage in a record stretch of job growth that began in 2010, however, all eyes are on wages because they've been much slower to recover from the Great Recession. Economists forecast that employers added 191,000 jobs in July, down from 213,000 in June but easily enough to lower the unemployment rate over time. The White House has slapped tariffs on steel and aluminium and on $34 billion of imports from China, and several companies have hit USA imports with retaliatory duties.
This trend is unlikely to persist, said Ellen Zentner, Morgan Stanley's chief U.S. economist. Typically, when unemployment has fallen below 4 per cent in the past, wages have increased at a faster pace. These employment gains were offset by a decline of 32,000 in sporting goods, hobby, book, and music stores, reflecting job losses in hobby, toy, and game stores.
William Wiatrowski, Acting BLS Commissioner, says those with jobs earned modestly more last month. Economists' maintain that wages will rise as economy drains remaining slack from the labor market and businesses' pay more to retain workers. Average hourly earnings increased 2.7 percent year over year - the same rate as it did in June.
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Google employees are already discussing the report, and some comments viewed by Business Insider show many are confused or angry. Depending on when the Chinese government approves the "toned down" Google, the app could launch anytime in the next 6-9 months.
The unemployment rate remains at a record low as employers fall slightly short of analyst's expectations for July.
In terms of the larger context, this morning's data points to 1.5 million jobs created so far in 2018, which is evidence of a healthy job market, and which is an improvement on the totals from the first seven months of 2016 and 2017.
Manufacturing added 37,000 jobs in July, with most of the gains in durable goods, according to the report.
Economists have warned that the tit-for-tat import duties, which have unsettled financial markets, could undercut manufacturing through disruptions to the supply chain and put a brake on the strong economic growth.
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Chairman M Venkaiah Naidu assured Mr Sharma that he would look in to the matter after the debate ob NRC is concluded. He also allayed fears among a section of people, insisting "there is no need to panic as it is not the final NRC".
Health care and social assistance grew by 34,000 jobs, and food services and drinking places by 26,000 jobs, the report said.
The drop in government payrolls was concentrated in local governments, which shed 20,000 jobs.
In July, the labor force participation rate held steady at 62.9%.
The employment-population ratio, another broad measure of labor-market health, rose to 60.5 percent, the highest since early 2009, from 60.4 percent. The gauge includes part-time workers who'd prefer a full-time position and people who want a job but aren't actively looking.
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Twin fires also burned in Mendocino and Lake counties, affecting 14 homes and threatened 12,000 more . The two fires have killed eight people, with the Carr Fire alone responsible for six of the deaths.