The US economy added 187,000 jobs in July, below economist estimates of 200,000 and slightly above the downwardly revised 185,000 jobs in June, according to government data released yesterday. The unemployment rate dropped to 3.5%, from 3.6% in June and 3.7% in May. Average hourly earnings grew 0.4% month-over-month and 4.4% year-over-year, matching June.
Recent News
- Appropriators proposal trims Amtrak fiscal 2025 budget: Analysis
- Brotherhood of Locomotive Engineers and Trainmen National President Eddie Hall introduced The Railroad Safety Enhancement Act of 2024
- NTSB releases final East Palestine report
- Norfolk Southern backs NTSB safety policy recommendations
- Regulators nervous about rail freight decline
- FRA issues NOFO for $1.1 million in Railroad Crossing Elimination Grant Program funding
- Chicago transit officials say funding, not restructuring, is key to better service
- Labor Leaders Urge Congress to Oppose Anti-Worker Resolutions in Congressional Review Act
- Rail labor opposes Amtrak request for waiver to deal with ‘loss of shunt’ until testing data is shared
- NTSB to investigate CPKC derailment, UP worker fatality