08/01/2025
July Jobs Report: What You Need to Know
While the U.S. economy added 73,000 jobs in July—driven by gains in health care and social assistance—there are signs that employers and job seekers alike should be paying close attention:
✅ Wages are Up
Average hourly earnings increased by 12 cents to $36.44, up 3.9% over the past year. In a tight labor market, compensation continues to be a key lever in attracting and retaining talent.
⚠️ Unemployment Edged Higher
The unemployment rate sits at 4.2%, with long-term unemployment on the rise. This signals a growing divide: skilled talent remains hard to find, while many job seekers face barriers to reentry.
⏱ Workweek Fluctuations
Slight shifts in average hours worked could indicate caution from employers as they manage productivity and costs heading into Q4.
At Nesco Resource, we’re here to help you navigate these shifts—whether you’re looking for top talent or seeking your next opportunity. Workforce trends may change, but our commitment to building the right connections never does.
