The Bureau of Labor Statistics reported Friday that the U.S. economy added 528 thousand jobs in July, and unemployment dropped a tenth of a point to 3.5 percent. Congressman Blaine Luetkemeyer says that’s good news despite some hurdles to businesses.
Luetkemeyer was concerned about some of the other numbers in the report.
The labor force participation rate dropped one tenth of a percent to 62.1 percent, its third decline in as many months. Luetkemeyer says some of the people not working are people of retirement age who left the workforce when the pandemic started.
It’s the 19th consecutive month of job growth, and the most jobs added since 714 thousand jobs in February.