The labor market continued a sizzling pace of economic recovery in July. The economy created 209,000 new jobs while the unemployment rate edged up only incrementally from 6.1 percent to 6.2 percent. However, the latter increase occurred only because 329,000 workers enter the labor market over the last month. According to Thomas "Danny" Boston, an economics professor in the Sam Nunn School of International Affairs, when so many workers enter or re-enter the labor market, it is an optimistic sign that jobs are increasingly available. But the current growth comes with some worries.
The job gains were spread across all key industries, including construction (22,000) and manufacturing (28,000). Private non-goods producing sectors also experienced significant employment gains, including retail trade (26,700), business and professional services (47,000) and health care and social assistance (25,400).