Employers added 943,000 jobs last month, unemployment rate falls to 5.4% as recovery gains steam

Pres. Joe Biden hails strong jobs report: 'What is indisputable now is this: the Biden plan is working, the Biden plan produces results and the Biden plan is moving the country forward.'

While the latest figures indicate the economic recovery is gaining steam, the unemployment rate still remains well above the pre-pandemic figure of 3.5% seen in February 2020. Employment in July is up by some 16.7 million jobs since April 2020, the DOL said Friday, but is down by 5.7 million from the economy's pre-pandemic levels.

Breaking down leisure and hospitality gains further, two-thirds of the jobs added in that industry were in food services and drinking places, which saw some 253,000 jobs added last month. This sector was clobbered by the pandemic early on, but has since faced new struggles in hiring back workers as many restaurants and more reopened simultaneously over the past few months.

The jobs gains in local government education may be due to fluctuations in education staffing during the pandemic that could have distorted the normal seasonal hiring and layoff patterns, the government agency said.

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