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Industry Report

In July 2023, Healthcare and Construction industries emerged as major drivers of employment

July 2023 Jobs Report

Total non-farm payroll employment rose by 187,000 in July, and the unemployment rate changed little at 3.5 percent. Job gains occurred in healthcare, social assistance, financial activities, and wholesale trade. Both the unemployment rate, at 3.5 percent, and the number of unemployed persons, at 5.8 million, changed little in July. The unemployment rate has ranged from 3.4 percent to 3.7 percent since March 2022. The labor force participation rate was 62.6 percent for the fifth consecutive month. The employment-population ratio, at 60.4 percent, remained little changed in July.

Total Jobs Added*

(* Non-Farm Jobs Only)

Unemployment Rate

( No change since June )

Industry-Specific Updates
– July 2023

-8000

Professional & Business Services

Temporary help services -22,000
Professional, scientific and technical services +24,000
Job growth average in the prior 12 months +38,000

+17,000

Leisure and Hospitality

Little or no employment change in recent months
Average monthly gains in the first quarter +67,000

+63,000

Healthcare

Ambulatory health care +35,000
Hospitals +16,000
Nursing and residential care +12,000

+19000

Construction

Residential specialty contractors +13,000
Non-residential specialty contractors +11,000

+20,000

Other Service Industries

Personal and laundry services +11,000
Average monthly gain in the last one year +15000

Additional Growth Sectors

Social assistance + 24,000
Real estate +12,000
Financial activities +19,000

Among the major worker groups, the unemployment rate for Asians declined to 2.3 percent in July. The jobless rates for adult men (3.3 percent), adult women (3.1 percent), teenagers (11.3 percent), Whites (3.1 percent), Blacks (5.8 percent), and Hispanics (4.4 percent) showed little or no change over the month.

Source: The US Bureau of Labor Statistics

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