Payroll boom: The economy added 255,000 jobs in July

by Paul Davidson, USA TODAY
August 5, 2016

The labor market turned in a strong showing for the second straight month in July as employers added 255,000 jobs, pointedly easing concerns stoked by a spring slump.

The unemployment rate was unchanged at 4.9%, the Labor Department said Friday, as a sharp rise In employment was offset by a similar-size increase in the ranks of those both working and looking for jobs.

Economists surveyed by Bloomberg had forecast 180,000 job gains. Investors cheered the better-than-expected showing. The Dow Jones industrial average was up about 137 points in mid-morning trading to 18,489.

Businesses added 217,000 jobs, led by professional and business services, health care and finance. Federal, state and local governments added 38,000.

Also encouraging: Job gains for May and June were revised up by a total 18,000. May’s gains were revised to 24,000 from 11,000, and June’s to 292,000 from 287,000.

26 Comments - what are your thoughts?

  • Mark Terzano says:

    Don’t believe a word the labor department says.

  • fineartmarcella says:

    Hey, here’s from (not out of someone’s head) –

    Since President Barack Obama first took office:

    Homicides have dropped 13 percent, but gun sales have surged.

    The economy has added more than 9 million jobs, and the jobless rate has dropped to below the historical median.

    The number of long-term unemployed Americans has dropped by 614,000
    under Obama, but it is still 761,000 higher than at the start of the
    Great Recession ( which occurred during Bush’s presidency ).

    Corporate profits are up 166 percent; real weekly wages are up 3.4 percent.

    There are 15 million fewer people who lack health insurance.

    Wind and solar power have nearly tripled, and now account for more than 5 percent of U.S. electricity.

    The federal debt has more than doubled — rising 116 percent — and big annual deficits have continued.

    —there will ALWAYS be people out of a job, there will ALWAYS be unemployment, but since Obama toke office, there are alot less

    1. alan flood says:

      Crime has been dropping for a number of years including homicides – well before Obama took office so the fact is it is down as a relatively long term trend – not to something he has done to make it happen. If anything it is possible the numbers would have dropped more if not for the things he has said and done around the immigration and inner city crime issues. Wind and solar power has not increased because of his policies – in fact a number of solar power companies subsidized by his administration have tanked. There maybe 15 million less people who have healthcare but there are 15 million more people who are considered high risk, prior med issues who are now a drain on health insurance, US taxpayers and those folks who are paying for their own insurance. Corporate profits may be up but some portion of that is due to more off shoring of jobs which does not benefit American workers. DO some more research about how the housing and mortgage boom started uder the Clinton administration When Pres. Bill asked Ferdie and Freddie to start opening up more mortgages for housing for those who couldn’t afford it up to that point. What happened was that real estate and mortgage companies made money available to people who could not afford the houses they were buying – Applications for loans were buttered up to look better so people could get the money. Congress and senate control freedie and ferdie and Pres. George went to Barney Frank and Dodd and asked bout viability of Freddie and Ferdie and was told by both democrats there were no issues and everything was great. So drop putting the recession on Bush – there were other players involved besides Bush but factfinders and other similar sites are by and large owned by main street media and are anti republican for the most part – their facts are not typically something that looks at long term trends only the short term info and certainly from a position that tries to make Democrats look good.

  • fineartmarcella says:

    Wow, looks like Obama continues to pull an all time low in unemployment of 4.9. I never remember it being that low and I’m 58 yrs old! haha Remember the old days with Bush? Unemployment hit 8.2, GOP just does not do as good of a job with the economy, but we have other things we do well

    1. Jim Gambeski says:

      yes who wants to go back to the Reagan years when some months jobs created were 750k …. say that slowly, Seven Hundred and Fifty thousand jobs….. barak hasnt seen numbers over 200k since last month and this!
      Ask yourself this…how can the number go down while it requires about 200k/month just to keep up with population growth and barak has averaged about 100k? Well if you stop counting the unemployed after so many months…. guess what? it goes down.
      Its called fudging the number. You can thank BJ clinton for that as he changed the numbers to make himself look good (true story)
      Educate yourself and google U6 unemployment for a closer number to the truth.

  • Bill7360 says:

    Payroll Boom!! The people who believe this BS shoulod look in a mirror and say Stupid! Stupid! Outlood to themselves! The same people will vote for Hillaryand when their paychecks get smaller will wonder why! Time to look in the mirror again! The really stupid one will never learn!

    1. fineartmarcella says:

      My check is higher, but I also went back to school

  • Bill7360 says:

    The unemployment rate is closer to 20 % The unemployed who have ran out of insurance payments are not counted. What a bunch of BS. We need about ten Million jobs and not just entry level. The MSM is hiding this for Crooked Hillary.! Wake Up!

    1. fineartmarcella says:

      Actually, it is not, go to a non-partial fact checker, you will find out that you have been believing lies. The economy is booming, who ever is president will be picking up a great economy. Check your facts

      1. Jim Gambeski says:

        Tell that to 100million people out of work…. a historic high.
        As well as the percentage of people working vs not working, also a high since WW2.
        Also tell the record number of people on welfare which has doubled under barak.

    2. fineartmarcella says:

      Bill7360, your statements are why we are looking so bad, if we have to ‘make-up’ things to make the dems look bad, then they must be pretty good. Stick with facts only, if you want to drown a party, drown them by their own facts, not what is made-up in your head drinking beer watching TV

      1. Jim Gambeski says:

        google U6 unemployment…educate yourself

  • Skip Plummer says:

    250,000 is a minuscule number considering that there are 96 million unemployed or underemployed right now.

    1. fineartmarcella says:

      It used to be worse during Bush’s years, check the facts

      1. Jim Gambeski says:

        actually it was never that high, that is a record number

      2. Skip Plummer says:

        Bush and Obama have been two “duds” in a row.

  • Born in the South and proud says:

    I believe these numbers about like a pig and cow flying over the town. Quite a crock…..

    1. fineartmarcella says:

      Stop looking at cows and check the facts

  • Original Anna says:

    This number does not even cover the college graduates and high school graduates who graduated in June while it still keeps those who have lost their jobs as a result of the economy still without jobs let alone a living wage job. It has not changed the unemployed numbers and the on welfare numbers due to job loss and on disability until turning 65 due to job loss numbers in our area, that’s for sure. When these numbers are not mentioned you know the numbers in this article aren’t good.

  • Donnie Buchanan says:

    They never count the number that have given up looking for a job. If they showed the real unemployment number, individuals would start building the wall and hang those who want more immigrants from it.

  • Marine Moe says:

    Does that mean that 255,000 are no longer eligible for unemployment?

    1. Rodney Steward says:

      YES , EXACTLY!

  • SD of AZ says:

    Just enough to employ the new illegal alien arrivals, HB anything new arrivals and BO’s new muslim male arrivals. The legal citizens will get zilch, nada, nothing from this pitance of new jobs. Who do these job experts think they are fooling?

  • Dannie Poe says:

    Small number when you compare this number to the 49 million out of work or getting food stamps. We still need to deport all the illegals and refugees sponging off US Citizens taxes. This will open up millions of jobs US Citizens WILL TAKE. Illegals and cheap foreign workers are destroying our job market. Only in America do employees train their replacement and get laid off. Only when our leaders put US Citizens first will this happen. The US is not the caregiver of the Western World.

    1. Tiarajreed3 says:

      <<a:y. ★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★✫★★:::::::!!bx313a:….,….

    2. fineartmarcella says:

      —there will ALWAYS be people out of a job, there will ALWAYS be unemployment, but since Obama toke office there are alot less being at a historical low of 4.9 percent unemployment, do a fact checker instead of listening to people’s garble

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