July Job Creation Enhanced by Government-Supported Sectors

July Job Creation Enhanced by Government-Supported Sectors
Pedestrians walk past a 'Now Hiring' sign in Arlington, Va., on March 16, 2022. Stefani Reynolds/AFP via Getty Images
J.G. Collins
Updated:
0:00
[Note: If you wish to skip detailed analysis and data support, simply scroll down to “Opinion and Outlook” and “GDP Prognostication.”]

Total nonfarm payroll employment, relased this morning, increased by 187, 000 jobs, and the unemployment rate  dropped slightly, at 3.5 percent. Private sector jobs were 172,000, of which 15,000 were in government. However, private health and education, which tend to be supported substantially by government financing, was the largest of the separate sectors of employment, with 100,000 new jobs.

J.G. Collins
J.G. Collins
Author
J.G. Collins is managing director of the Stuyvesant Square Consultancy, a strategic advisory, market survey, and consulting firm in New York. His writings on economics, trade, politics, and public policy have appeared in Forbes, the New York Post, Crain’s New York Business, The Hill, The American Conservative, and other publications.
Related Topics