The 2020 Mid-Year Economic Update_long

Manufacturing Employment Changes Little in July

The unemployment rate held at 3.7% in July.

Total nonfarm payroll employment rose by 164,000 in July, and the unemployment rate was unchanged at 3.7%, the U.S. Bureau of Labor Statistics reported. Notable job gains occurred in professional and technical services, health care, social assistance and financial activities. 

Manufacturing employment changed little in July (+16,000) and thus far in 2019. Job gains in the industry had averaged 22,000 per month in 2018. 

The unemployment rate held at 3.7% in July, and the number of unemployed persons was little changed at 6.1 million. 

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