Unemployment Rate Drops in July

Both the unemployment rate and nonfarm payroll employment edged down in
July, the Bureau of Labor Statistics of the U.S. Department of Labor reported recently.

Payroll employment has declined for the past six months. Job losses
continued in manufacturing, while temporary help and other administrative
services added workers. The unemployment rate was 6.2 percent in July; the number of unemployed persons was 9.1 million. Both measures edged down over the month, largely offsetting increases in June.