Unemployment Rate Remains High As Payrolls Rise By 117,000

Employers added 117,000 jobs in July and the unemployment rate barely ticked down to 9.1 percent, the Bureau of Labor Statistics said today.

It is the tenth consecutive month that employment has risen, but growth over those past ten months has been anemic at best; the reason for the unemployment rate ticking down is likely due to people leaving the workforce.

The WSJ liveblogged the jobs report (yes, really) and found an analyst to say this: “These numbers are not great in absolute terms – employment growth has slowed markedly in recent months, after all – but they are a long way from recession territory.”

“These aren’t great numbers, but they are better than they could have been,” WSJ’s Mark Gongloff adds.

The

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