US employers add 157,000 jobs, jobless rate hits 3.9 pct.

News
Jobs_1525450575215.jpeg

WASHINGTON (AP) — U.S. employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace they maintained in the first half of this year.

The Labor Department says the unemployment rate ticked down to 3.9 percent from 4 percent. That’s near an 18-year low of 3.8 percent reached in May.

Employers added an average of 224,000 new workers in the first six months of this year, a faster pace than in 2017. The pickup has impressed many economists because it’s happening late in the economic expansion, which has entered its 10th year and is now the second-longest in U.S. history.

The economy grew in the April-June quarter at its fastest pace in four years. Business and consumers are optimistic, suggesting solid hiring is likely to continue.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

LIKE US ON FACEBOOK

FREE News & Weather Apps

Storm Track 8 Weather App

Download Now:

WISH-TV News App

Download Now: