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
- Future of Chicago-Area Public Transit Hangs in Balance as State Lawmakers Wrap Up Hearings on Agency Funding, Oversight
- Project 2025 Would Undo the NLRB’s Progress on Protecting Workers’ Right To Organize
- Durbin, Duckworth, Budzinski, Announce $157 Million In Federal Funding For Springfield Rail Improvements Project
- FRA awards $2.4B in CRISI grants to fund rail projects
- FRA aims to tighten rules for waivers that allow railroads to experiment with safety technology
- U.S. STB Approves Transaction That Creates Rail Link Between Mexico, U.S. South
- Amtrak’s Borealis train ridership reaches 100K in five months
- Are Railroads Slowly Committing Suicide?
- STB extends mediation for Union Pacific, Metra
- Appropriators proposal trims Amtrak fiscal 2025 budget: Analysis