Bureau of Labor Statistics annual benchmark revisions find job creation was weaker than originally reported last year.
U.S. employers slowed their hiring in July but still added a solid 164,000 jobs to an economy that appears poised to extend its decade-long expansion.
The unemployment rate is hovering around a 50-year low, but some companies are still shedding jobs.
Labor force participation in the U.S. is said to be lower than that of comparable economies. There are a couple of factors at play.
June’s solid job growth followed a tepid gain of 72,000 jobs in May, a result that had fueled concerns about the economy.
The unemployment rate declined to 4.1 percent, the lowest in nearly 17 years.
"I will be the greatest jobs president that God ever created."
The unemployment rate has dipped to its lowest point in a decade.
Expect a rate increase.
It is all but certain that the Fed will raise short-term interest rates at its next meeting.