8/6/2021, 2:30 PM (Source: TeleTrader)
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US nonfarm payrolls up by 943,000 in July

Nonfarm employment in the United States increased by 943,000 in July, beating market projections, according to a report published by the US Bureau of Labor Statistics on Friday.

For the same month, the unemployment rate was down by 0.5 percentage points compared to the previous month and stood at 5.4%. Meanwhile, permanent job losses declined 257,000 month-over-month to 2.9 million, as the labor force participation rate was little changed at 61.7%.

Notable job gains were registered in the leisure and hospitality services, as well as local government education and in the professional and business services.

Baha Breaking News (BBN) / OL