Economy Gains 157,000 Jobs in July; Unemployment Little Changed at 3.9%

The U.S. economy gained 157,000 jobs in July, and unemployment was little changed at 3.9%, according to figures released this morning by the U.S. Bureau of Labor Statistics. Since the labor market continues to recover at only a tempered pace, the Federal Reserve’s Open Market Committee did the right thing to hold off on further rate hikes. It would be well-advised to continue on that cautious path.

Trumka: 'Working People Are Taking Matters into Our Own Hands'


AFL‑CIO President Richard Trumka (UMWA) spoke to reporters Wednesday at The Christian Science Monitor breakfast, highlighting the wave of collective action sweeping the country. “We’re living through the kind of defining moment that can leave its mark for a generation,” he said. “A moment that will determine what kind of economy we work in and what kind of society we live in.”