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
ADVERTISEMENT
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.

ADVERTISEMENT
Tags: Employment situation
ShareTweetPin

Related Posts

CFPB warns against certain terms in financial service contracts

CFPB withdraws proposed ban on certain contract language for financial products

Compliance and Risk
May 15, 2025

The CFPB has withdrawn a proposed rule to prohibit contractual provisions in agreements for consumer financial products or services that waive “substantive” consumer legal rights and protections.

Mortgage rates fall

Mortgage rates rise

Economy
May 15, 2025

The rate for a 30-year fixed-rate mortgage was 6.81% this week. The rate for a 15-year fixed-rate mortgage was 5.92%.

Survey: Bank customers say youth need financial education

Survey: Most Americans want high schools to offer financial education

Financial Education
May 15, 2025

More than four in five Americans believe that financial education should be part of high school curricula, according to a recent survey. Twenty-seven states currently require such courses.

CFPB launches ‘tip line’ to report on bureau employees

CFPB withdraws proposals on data brokers, digital payment mechanisms

Newsbytes
May 15, 2025

The CFPB has withdrawn two proposed rules concerning data brokers and digital payment mechanisms. Both were proposed after the 2024 elections.

Producer price index increased 0.5% in April

Producer price index decreased 0.5% in April

Economy
May 15, 2025

The Producer Price Index decreased 0.5% in April from the previous month, the Labor Department reported.

Home builder confidence unchanged in April

Home builder confidence declines in May

Economy
May 15, 2025

Builder confidence in the market for single-family homes in May was 34, down from 40 the previous month, according to the NAHB/Wells Fargo Housing Market Index.

NEWSBYTES

CFPB withdraws proposed ban on certain contract language for financial products

May 15, 2025

Mortgage rates rise

May 15, 2025

Survey: Most Americans want high schools to offer financial education

May 15, 2025

SPONSORED CONTENT

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025
Six Payments Trends Driving the Future of Transactions

Six Payments Trends Driving the Future of Transactions

March 15, 2025
AI for Banks: A Starter Guide for Community and Regional Institutions

AI for Banks: A Starter Guide for Community and Regional Institutions

March 1, 2025

PODCASTS

Podcast: Accelerating banking for quick-service restaurants

May 8, 2025

How a Georgia community bank supports government-guaranteed lending nationwide

May 1, 2025

Podcast: Quantum computing’s shakeup in payments, cybersecurity

April 24, 2025
ADVERTISEMENT

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

© 2025 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

© 2025 American Bankers Association. All rights reserved.