Employment rose by 943,000 in July as the U.S. unemployment rate now stands at 5.4 percent, according to the most recent U.S. Bureau of Labor Statistics report released this morning. The number of unemployed persons fell by 782,000 to 8.7 million. Notable job gains occurred in leisure and hospitality, in local government education, and in professional and business services.
Among the major worker groups, the unemployment rates declined in July for adult men (5.4 percent), adult women (5.0 percent), Whites (4.8 percent), blacks (8.2 percent) and Hispanics (6.6 percent). The jobless rates for teenagers (9.6 percent) and Asians (5.3 percent) showed little