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BLS Reports 207,000 New Jobs in July

The U.S. Bureau of Labor Statistics released its employment summary numbers for July 2005, and things look good. While employment rates didn’t change, total nonfarm employment grew by 207,000, and jobless rate is down .5 percent to 5.o, compared to 5.5 percent at this time last year. Retail employment increased by 50,000 in July, bringing the yearly total to 197,000, and professional and technical jobs increased by 23,000 for a total of 211,000 new jobs this year. Significant gains were also reported in the financial, service, and health care sectors.

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