The economy began the second half of the year with strong momentum, with the July 2021 U.S. Bureau of Labor Statistics (BLS) Hiring Situation reporting that 943,000 new jobs were created last month. The gains were the largest seen in nearly a year and the unemployment rate ticked down to 5.6%, a 16-month low.
Healthcare added 36,800 jobs in July. Job gains in ambulatory health care services (31,900) and hospitals (18,300) than offset a loss of 13,400 jobs in nursing and residential care facilities. Healthcare employment remains down by 502,000 since February 2020.