A record number are now employed
Following last month’s strong employment report, the numbers released on Friday were even better in some respects.The low numbers for Hispanic unemployment also correspond with increased support for President Trump among Hispanics. There are still a lot of job openings and they appear to outnumber the number of people unemployed. Hopefully, it will pull more people back into the labor force participation.
The Labor Department's Bureau of Labor Statistics says a record 155,965,000 people were employed in July, the 11th record-breaker since President Trump took office 19 months ago.
"Our economy is soaring. Our jobs are booming. Factories are pouring back into our country, they coming from all over the world. We are defending our workers," President Trump told a campaign rally in Pennsylvania on Thursday.
BLS said the economy added 157,000 jobs in July (compared with a revised 248,000 in June).
The unemployment rate edged down to 3.9 percent, as the number of employed people reached new heights, and the number of unemployed persons declined by 284,000 to 6,280,000 in July.
Among the major worker groups, the unemployment rates for adult men (3.4 percent) and Whites (3.4 percent) declined in July. The jobless rates for adult women (3.7 percent), teenagers (13.1 percent), Blacks (6.6 percent), and Asians (3.1 percent), showed little or no change over the month. The unemployment rate for Hispanics hit a record low of 4.5 percent, down from last month's record 4.6 percent.