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The U.S. economy added 164,000 jobs in July, nearly in line with the expectations of economists. July marks 106 consecutive months of jobs growth – the longest in U.S. history.

Over the last five years alone, overall employment – the number of people employed – in the United States climbed by 7.3%. At the same time, the unemployment rate dipped from 6.1% in June 2014, to 3.4% in June 2019 – close to its lowest point in decades. 

Job growth has not been even nationwide, and in some U.S. cities, employment has declined by at least 2.5%

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