The Trump administration once again has some good economic news to close out the work week with the latest release of Bureau of Labor Statistics’ July job report on Friday.
Here are the highlights of Friday’s numbers:
- There were 157,288,000 people employed in July, which marks an increase of 283,000 from the 157,005,000 employed in June.
- The July employment number is also a 1,324,000 increase from the same month in 2018.
- The unemployment rate has held steady at 3.7 percent.
- The number of people not participating in the workforce also dropped considerably from June to July, dropping 183,000 from 96,057,000 to 95,874,000.
- The number of people unemployed for 27 weeks or more declined by 248,000, according to a BLS statement.
- The number of involuntary part-time workers — people who work part-time despite wanting full-time employment — has also dropped over the past 12 months by 604,000.
BLS also reported Friday that black employment is now at its highest point since the bureau started keeping records on the data in 1972 at 19,481,000. That’s 282,000 higher than June’s number of 19,199,000.