ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Economy

1.8 Million Jobs Added in July

August 7, 2020
Reading Time: 1 min read

Total nonfarm payroll employment rose by 1.8 million in July, according to the Bureau of Labor Statistics. Total unemployed persons fell 1.4 million to 16.3 million in July. Despite the large increase in nonfarm payroll over the month, unemployment still stands at 10.2%.

Large employment increases occurred in leisure and hospitality, government, retail trade, professional and business services, other services, and health care. Employment in leisure and hospitality rose 592,000 and accounted for one-third of the gain in nonfarm payroll. Food services and drinking places led the increase with 502,000 jobs.

Government employment rose by 301,000 jobs during the month. Local government education and state education government rose by 215,000 and 30,000, respectively. A July job gain in federal government of 27,000 reflected the hiring of temporary workers for the 2020 Census.

The civilian labor force participation rate was unchanged over the month remaining at 61.4%. Workers unemployed less than 5 weeks increased by 364,000 to 3.2 million. Unemployed workers who were jobless 5 to 14 weeks fell by 6.3 million to 5.2 million. The number of long-term unemployed (jobless for 27 weeks or more) was unchanged for the month at 1.5 million.

Average hourly earnings rose by 7 cents to $29.39, following large changes in recent months.

 

Read the BLS release.

Tags: Employment situation
ShareTweetPin

Related Posts

Retail sales decreased 0.2% in January

Economy
March 16, 2026

Advance estimates of U.S. retail and food services sales for January 2026, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $733.5 billion, down 0.2% from the previous month, and up 3.2%...

Hsu: Third-party risk management guidance offers flexibility for smaller banks

Report: Third-party risk management teams remain small while vendor use grows

Compliance and Risk
March 16, 2026

Financial institutions are managing larger vendor inventories with leaner teams while confronting emerging risks, such as those presented by artificial intelligence, according to a new report on third-party risk management by the compliance platform provider Ncontracts.

Home builder confidence unchanged in April

NAHB: Homebuilder confidence inches up in March

Economy
March 16, 2026

Homebuilder confidence in the market for newly built single-family homes rose one point to 38 in March, according to the NAHB/Wells Fargo Housing Market Index.

CFPB study: BNPL loans grew tenfold since 2019

Survey: ‘Buy now pay later’ use continues to grow

Newsbytes
March 16, 2026

Survey also found that while bank-branded BNPL remains a small fraction of the overall market, customer satisfaction with the offerings grew 59 points from last year.

CFPB launches ‘tip line’ to report on bureau employees

Second court rules against administration in legal fight over CFPB funding

Legal
March 16, 2026

A federal judge in California has ruled that the Trump administration must continue funding the CFPB. The decision follows a similar ruling by federal judge in D.C. in a separate case.

Industrial production rose in March

ABA DataBank: Industrial production increased in February

Economy
March 16, 2026

Industrial production in February edged up a seasonally adjusted 0.2% over the month, above the estimate of 0.1%. This followed a monthly increase of 0.7% in January.

NEWSBYTES

Retail sales decreased 0.2% in January

March 16, 2026

Report: Third-party risk management teams remain small while vendor use grows

March 16, 2026

NAHB: Homebuilder confidence inches up in March

March 16, 2026

SPONSORED CONTENT

How top agricultural lenders are approaching AI, automation and innovation in 2026

How top agricultural lenders are approaching AI, automation and innovation in 2026

March 2, 2026
Top 7 FP&A Trends in Banking for 2026

Top 7 FP&A Trends in Banking for 2026

March 1, 2026
How Instant Payments Can Accelerate B2B Payments Modernization

How Instant Payments Can Accelerate B2B Payments Modernization

February 3, 2026
Digital Banking: The Gateway to Customer Growth and Competitive Differentiation

Digital Banking: The Gateway to Customer Growth and Competitive Differentiation

February 1, 2026

PODCASTS

Podcast: From stablecoin to fraud, top takeaways from the 2026 ABA Summit

March 13, 2026

Podcast: How the SCAM Act would encourage platforms to go after scammers

February 4, 2026

A new kind of ‘community bank’ for small businesses

January 22, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.