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Labor Department reports job growth in July 2017

The U.S. Labor Department has released data for the month of July and it appears July was a promising month for economic recovery and growth. Over 209,000 jobs were added to the U.S. workforce, dropping the overall rate of unemployment to 4.3%. The labor force participation rate, at 62.9 percent, changed little in July and has shown little movement on net over the past year. The employment-population ratio (60.2 percent) was also little changed in July but is up by 0.4 percentage point over the year, leaving approximately 7 million American still unemployed. The current unemployment breakdown by race is: Whites (3.8 percent) Blacks (7.4 percent) Asians (3.8 percent) Hispanics (5.1 percent) These numbers reflect little or no change in July.
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