Nonfarm payrolls

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Unemployment rate holds at 3.7% in July as hiring slows

Aug 02, 2019By

The U.S. economy added 164,000 jobs in July, fewer than June’s downwardly revised pace of 193,000, according to the Bureau of Labor Statistics. The unemployment rate was 3.7%, matching last month’s rate. Economists expected the so-called nonfarm payroll number to rise by 165,000 and the unemployment rate to drop to 3.6%, which would have tied the 50-year low set in April and May.

3d rendering of a row of luxury townhouses along a street

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