Economic Data

Aug 7, 2017

Almost ten years after the Great Recession, the United States is back to the same employment level as it was in November of 2007. The types of jobs that Americans are now doing has changed. Many factory jobs are gone. But opportunities in the service sector and health care have opened up for Americans. Workers with college educations have taken jobs in technology, finance, and medicine. The unemployment rate came in at 4.3 percent in July. The labor force participation rate increased to 62.9 percent. The Labor Department reported that the economy added 209,000 jobs in July. Wages grew by 2.5 percent from the previous year.