Total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9%, the U.S. Department of Labor reported today. Employment increased in professional and business services, in manufacturing, and in health care and social assistance.
Manufacturing added 37,000 jobs in July, with most of the gain in the durable goods component. Employment rose in transportation equipment (+13,000), machinery (+6,000), and electronic instruments (+2,000). Over the past 12 months, manufacturing has added 327,000 jobs.