Reuters / Valentyn Ogirenko
- The US jobs report for July showed employers added 164,000 jobs.
- The US labor force also reached a new record high of of 151 million.
- A Bloomberg study detailed the five industries that saw the highest job-creation rate in July.
- Some sectors included were child care services, couriers and messengers, and logging.
- Though the national average wage rose to $27.98, none of the five fastest growing industries feature an average wage at or above that figure.
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US employers added 164,000 jobs to the economy in July, falling in line with analyst estimates and pushing the nation’s labor force to a new record.
The national average wage rose 3.2% to $27.98 per hour, and the total number of jobs in the US hit 151 million. The unemployment rate remained 3.7%
A study conducted by Bloomberg looked at hiring across each industry and organized the July jobs data across those lines. One area it explored was how quickly those industries are adding employees.
Here are the five industries that generated the fastest employment growth in July, listed in increasing order (data sourced from Bloomberg).
5. Motor vehicles and parts
REUTERS/Carlos Barria
Growth rate: 0.72%
Jobs added: 7,200
Current wage: $23.47 (Bloomberg average)
4. Offices of other health practitioners
Getty Images
Growth rate: 0.76%
Jobs added: 7,300
Current wage: $23.93 (Bloomberg average)
3. Child day care services
Adam Bettcher/Getty Images for Knowledge Universe
Growth rate: 0.81%
Jobs added: 8,100
Current wage: $14.08 (Bloomberg average)
See the rest of the story at Business Insider
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Source: Business Insider – bwinck@businessinsider.com (Ben Winck)