BIZ: Job Recovery Marches On


Published 08/01 2014 02:45PM

Updated 08/01 2014 02:49PM

After gangbusters growth in June, July's job report was bit less impressive.

But the job recovery marches on, even if it is at a slower pace.

The US economy added 209,000 jobs in July.

That's according the Bureau Of Labor Statistics.

July's numbers are a dip from last month, but still managed to stay above 200,000; a trend we've seen since February.

In fact the economy added 1.5-million jobs so far this year, the strongest 6 months for hiring since 2006.

Meanwhile the unemployment rate ticked up to 6.2%.

That rise was caused by more workers joining the labor force.

But the recovery seems to be hitting its stride.

We already gained back the 8.7-million jobs we lost during the recession.

And the jobs added recently aren't the low-wage ones we've seen so far.

It's been middle-class sectors like manufacturing, construction and professional services.

But even with strong economic numbers, many americans still think the economy is not fully recovered.

An CNN/ORC poll found that only 41% believe that conditions are good.

Still, thats the highest percentage of Americans since the recession began in 2007.

And its a good sign for the economy when 209,000 jobs added is seen as a disappointing number.

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