August 03, 2018
August 03, 2018
Jobs report misses as unemployment rate slides to near-18-year low
- The July jobs report showed that US employers added 157,000 jobs on net last month, fewer than economists had forecast.
- But the unemployment rate fell to 3.9%, closer to an 18-year low.
- Employers in the manufacturing sector extended a strong streak of job gains, suggesting that trade disputes aren't yet weighing on hiring decisions in a major way.
