NATIONAL NEWS

US Added 943,000 Jobs In July; Unemployment Rate At 5.4%

Aug 6, 2021, 6:50 AM | Updated: 6:59 am
A "Now Hiring" sign is posted in the drive thru of a McDonald's restaurant on July 07, 2021 in San ...
A "Now Hiring" sign is posted in the drive thru of a McDonald's restaurant on July 07, 2021 in San Rafael, California. As the economy continues to reopen across the U.S., job openings edged up slightly in May to a record 9.21 million as businesses struggle to keep up with growing demand for goods and services. (Photo by Justin Sullivan/Getty Images)
(Photo by Justin Sullivan/Getty Images)

WASHINGTON (AP) — Hiring surged in July as American employers added 943,000 jobs. The unemployment rate dropped to 5.4% another sign that the U.S. economy continues to bounce back with surprising vigor from last year’s coronavirus shutdown.

The July numbers exceeded economists’ forecast for more than 860,000 new jobs. Hotels and restaurants, reopening and doing brisk business, added 327,000 jobs last month. Local public schools added 221,000.

The number of people who reported they had jobs surged by 1 million, pushing the jobless rate down from 5.9% in June. Last month, 261,000 people returned to the job market.

Scrambling to find workers as business surges back, companies raised wages: Average hourly earnings were up 4% last month from a year earlier.

The coronavirus triggered a brief but intense recession last spring, forcing businesses to shut down and consumers to stay home as a health precaution. The economy lost more than 22 million jobs in March and April 2020. Since then, though, it has recovered nearly 17 million jobs, leaving a 5.7 million shortfall compared to February 2020.

“Things are undeniably moving in the right direction,” said Greg McBride, chief financial analyst at Bankrate.com.

The rollout of vaccines has encouraged businesses to reopen and consumers to return to shops, restaurants and bars that they had shunned for months after the pandemic struck. Many Americans are also in surprisingly strong financial shape because the lockdowns allowed them to save money and bank relief checks from the federal government.

As a result, the economy has bounded back with unexpected speed. The International Monetary Fund expects U.S. gross domestic product — the broadest measure of economic output — to grow 7% this year, its fastest pace since 1984.

Employers are advertising jobs — a record 9.2 million openings in May — faster than applicants can fill them.

Some businesses blame generous federal unemployment benefits — including an extra $300 a week tacked on to regular state jobless aid — for discouraging Americans from seeking work. In response, many states have dropped the federal unemployment assistance even before it is scheduled to expire nationwide Sept. 6.

Many Americans may be staying out of the job market because of lingering health fears and trouble obtaining childcare at a time when many schools are closed.

The outlook is clouded by a resurgence of COVID-19 cases caused by the spread of the highly contagious delta variant. The United States is reporting an average of more than 75,000 new cases a day, up from fewer than 12,000 a day in late June — although still well below the 250,000 levels of early January.

KSL 5 TV Live

Top Stories

National News

John Cena has completed a new accomplishment: breaking the world record for most wishes granted thr...
Zoe Sottile, CNN

John Cena breaks Make-A-Wish record after granting 650 wishes

Actor, wrestling legend, and perpetual meme subject John Cena has completed a new accomplishment: breaking the world record for most wishes granted through the Make-A-Wish Foundation.
16 hours ago
Americans Alexander John-Robert Drueke, right, and Andy Tai Ngoc Huynh, left, are pictured here aft...
Kylie Atwood, CNN

2 Americans captured by Russian-backed forces are back on US soil

Two Americans who had been held by Russian-backed forces for more than three months were back on US soil Friday afternoon.
16 hours ago
Post-tropical storm Fiona in Irish Cova, Nova Scotia on Cape Breton Island in Canada Sept. 24, 2022...
ROB GILLIES Associated Press

Fiona washes houses away, knocks out power in Canada

Strong rain and winds are lashing the Atlantic Canada region as Fiona hits as a powerful post-tropical cyclone. Canadian forecasters are warning it could be one of the most severe storms in the country's history. Fiona made landfall in Nova Scotia before dawn Saturday after transforming from a hurricane into a post-tropical cyclone. Forecasters caution that despite the change, Fiona still has hurricane-strength winds and will bring drenching rains and huge waves. More than 500,000 customers in Atlantic Canada are affected by outages. Ocean waves pounded the town of Channel-Port Aux Basques on the southern coast of Newfoundland, where entire structures were washed into the sea.
16 hours ago
An illustration shows NASA's DART spacecraft and the Italian Space Agency's LICIACube prior to impa...
Ashley Strickland, CNN

What will be visible when DART spacecraft crashes into tiny asteroid

The NASA Double Asteroid Redirection Test aims to make history on Monday at 7:14 p.m. ET when it slams into Dimorphos, a tiny asteroid moon orbiting the larger asteroid Didymos.
2 days ago
NASA’s Artemis I rocket sits on launch pad 39-B at Kennedy Space Center as it is prepared for an ...
MARCIA DUNN, AP Aerospace Writer

Approaching storm may delay launch try for NASA moon rocket

NASA's new moon rocket could face more launch delays, this time by tropical weather.
2 days ago
Arizona Governor Doug Ducey speaks at a Make America Great Again campaign rally on October 19, 2020...
BOB CHRISTIE, AP

Arizona judge: State can enforce near-total abortion ban

Arizona can enforce a near-total ban on abortions that has been blocked for nearly 50 years, a judge ruled Friday, meaning clinics across the state will have to stop providing the procedures to avoid the filing of criminal charges against doctors and other medical workers.
2 days ago

Sponsored Articles

young woman with stickers on laptop computer...
Les Olson

7 ways print marketing materials can boost your business

Custom print marketing materials are a great way to leave an impression on clients or customers. Read for a few ideas to spread the word about your product or company.
young woman throwing clothes to organize a walk in closet...
Lighting Design

How to organize your walk-in closet | 7 easy tips to streamline your storage today

Read our tips to learn how to organize your walk-in closet for more storage space. These seven easy tips can help you get the most out of your space.
Types of Computer Malware and Examples...
PC Laptops

5 Nasty Types of Computer Malware and Examples | Everything You Need to Know to Keep Your Computer and Family Safe

Here are the different types of computer malware and examples that could potentially infect your computer.
tips how to quit smoking...

7 Tips How to Quit Smoking | Quitting Smoking Might be One of the Hardest Things You Ever Do but Here’s Where You Can Start

Quitting smoking cigarettes can be incredibly difficult. Here are 7 tips how to quit smoking to help you on your quitting journey.
Photo: Storyblocks...
Blue Stakes of Utah 811

Blue Stakes of Utah 811: 5 Reasons To Call 811 Before You Dig When Working in Your Yard

Call before you dig. Even at home, you could end up with serious injuries or broken utilities just because you didn't call Blue Stakes of Utah 811.
Days of...
Days of '47 Rodeo

TRIVIA: How well do you know your rodeo? Take this quiz before you go to the Days of ’47!

The Utah Days of ’47 Rodeo presented by Zions Bank is a one-of-a-kind Gold Medal Rodeo being held July 20-23, 25 at 7:30 PM. The Days of ’47 Rodeo How well do you know your rodeo trivia? Take the quiz to test your know-all before heading out to the Days of ’47 Rodeo at the […]
US Added 943,000 Jobs In July; Unemployment Rate At 5.4%