- The July gain is the seventh in a row and 14th in the last 15 months, bringing the seven-month gain to 4.318 million and the 15-month post-plunge recovery to 16.660 million.
- If private payrolls continue to grow at the average over the last seven months (531,571), it would also take about nine months to fully recoup all of the job losses.
- After 15 months of recovery, all the major private industry groups still have fewer employees than before the government lockdowns.
- Despite the seven consecutive monthly gains and 14 increases in the last 15 months, payroll employment remains well below peak measures from before the pandemic.
For further details see:
July Jobs Report Not As Impressive As Headline Suggests