Unemployment Rate Hits 3.9%
WASHINGTON — U.S. employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace in the first half of this year.
The unemployment rate ticked down to 3.9% from 4%, the Labor Department said Aug. 3. That’s near an 18-year low of 3.8% reached in May.
Employers added an average of 224,000 new workers in the first six months of this year, a faster pace than in 2017. The pickup has impressed many economists because it’s coming late in the economic expansion, which has entered its 10th year and is now the second-longest in U.S. history.