U.S. Unemployment Rate Remains Steady at 3.7%

NATIONAL REPORT—The U.S. economy added 164,000 jobs in July, and the unemployment rate was unchanged at 3.7%, according to a report from the U.S. Bureau of Labor Statistics.

Notable job gains occurred in professional and technical services, healthcare, social assistance and financial activities. The unemployment rate held at 3.7% in July, and the number of unemployed persons was little changed at 6.1 million.

Among the major worker groups, the unemployment rate for Asians increased to 2.8% in July. The jobless rates for adult men (3.4%), adult women (3.4%), teenagers (12.8%), Whites (3.3%), Blacks (6%), and Hispanics (4.5%) showed little or no change over the month.

In July, the number of persons unemployed less than five weeks increased by 240,000 to 2.2 million, while the number of long-term unemployed (those jobless for 27 weeks or more) declined by 248,000 to 1.2 million. The long-term unemployed accounted for 19.2% of the unemployed.

In July, the labor force participation rate was 63%, and the employment-population ratio was 60.7%. Both measures were little changed over the month and over the year.

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