The U.S. economy created 164,000 new jobs in July and the unemployment rate remained unchanged at 3.7% nationally. The healthcare sector added 30,400 jobs, with nearly all job creation occurring within ambulatory care settings.
Although hiring has slowed a bit since 2018’s record growth, the economy has still created an average of 165,000 new jobs a month in 2019. Only 80,000 new jobs must be added monthly in order to absorb the new people entering the labor force.
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