July employment trends up in July
The unemployment rate rose to 4.3% in July, and nonfarm payroll employment edged up by 114,000, below the average monthly gain of 215,000 over the prior 12 months, the U.S. Bureau of Labor Statistics reported.
In July, employment continued to trend up in transportation and warehousing (+14,000), with
job gains in couriers and messengers (+11,000) and warehousing and storage (+11,000). These gains were partially offset by a job loss in transit and ground passenger transportation
(-11,000). Transportation and warehousing has added 119,000 jobs since a recent low in January of this year.
Employment continued to trend up in construction in July (+25,000), in line with the average monthly gain over the prior 12 months (+19,000). Employment in specialty trade contractors continued its upward trend in July (+19,000).
Employment showed little change over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; retail trade; financial activities; professional and business services; leisure and hospitality; and other services.
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about Singer Industrial. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Rachael Radford, as well as interviews with numerous product and distribution industry experts.
