Unemployment in the United States dropped again in July, although job growth was not quite as robust as in the previous month.
According to a Labor Department announcement on Friday, the jobless rate dropped from 4 percent to 3.9 percent. That translates to 157,000 more people hired in July, compared to 215,000 in June.
On the down side, declines were reported in local government (a drop of 20,000 jobs) and the category of sporting goods, hobby and toy stores (down 32,000), a result of the Toys R Us bankruptcy.
The overall U.S. economy grew at an annual rate of 4.1 percent, the best result in almost four years.
Categories: The Wider World