Production at U.S. factories surged in July, boosted by an acceleration in motor vehicle output as automakers either pared or canceled annual retooling shutdowns to work around a global semiconductor shortage.
The U.S. Economy Added 943,000 Jobs in July—Employers added 943,000 jobs in July, the Labor Department reported, but the data was collected in the first half of the month, before variant-related cases exploded in many parts of the country.
U.S. Jobs Jump By Most In 10 Months As Economy Gains Steam—The pace of U.S. hiring accelerated in June, suggesting firms are having greater success recruiting workers to keep pace with the economy’s reopening.
The U.S. economy added back another more than half a million jobs in May, with employment accelerating from April but still missing estimates even as the jobless rate slid to a new pandemic-era low.
The manufacturing economy grew in April and the overall economy showed an 11th consecutive month of growth, according to the Institute for Supply Management’s monthly Manufacturing ISM Report on Business.
The U.S. jobs rebound picked up steam last month, fueled by the accelerating pace of vaccinations and a new injection of federal aid. The unemployment rate fell to 6%, down from 6.2% in February.
