The Bureau of Labor Statistics reported this morning that employers added 117,000 jobs in July, up from June’s dismal 18,000 but still below the number needed to keep pace with population growth. The unemployment rate also fell 0.1 percent to 9.1 percent. Get complete analysis from Heritage’s Rea Hederman and James Sherk, who produce a monthly jobs and employment report.
All eyes will again be on Wall Street today. After the Dow Jones Industrial Average lost more than 500 points yesterday, the world eagerly awaits reaction to today’s jobs report. The New York Stock Exchange opens at 9:30 a.m.
And even though most lawmakers are back in their districts today, the U.S. Senate will take action on the House-passed Federal Aviation Administration funding bill. The short-term extension is expected to pass today, allowing an estimated 4,000 FAA employee and 70,000 contractors to return to work.