BIZ: Job Recovery Marches On

BIZ: Job Recovery Marches On

The jobs recovery marches on, but at slower pace.
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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