Restaurants, bars and hotels added 40,000 jobs, the most in nine months.

Despite many businesses' trouble finding qualified workers, they are still hiring and looking outside traditional pools for talent. Over the year, the industry has added 203,000 jobs.

"President Trump promised that the forgotten men and women would be brought back into the economy", Manning continued.


The pace of hiring workers in the United States slipped to its slowest in four months in July, but interest rates remain on track to rise twice more this year because of the underlying strength of the jobs market.

"House price appreciation has exceeded wage growth for six years, so any signal that wage growth may be closing the gap is good news", said Fleming. The monthly wage growth put the annual reading at 2.7%, meeting analysts' forecast.

"The vast majority of the jobs we're adding are in services, which tend to be low-wage sectors", said Megan Greene, chief economist at Manulife Asset Management. Other sectors are seeing wages stagnate or even fall.

And the underemployment rate - which includes discouraged workers no longer searching for work, as well as involuntary part-time workers - dropped to 7.5 percent, the lowest in 17 years, from 7.8 percent.


For July 2018, the unemployment rate for Americans who dropped out of college or who have associate degrees remained steady at 3.2 percent.

With the USA unemployment rate near a five-decade low, companies are looking harder for employees, and in some cases finding them right at their own workplaces.

The last time the USA economy had such low unemployment in the late 1990s, wage growth was substantially higher.

Although the overall gain for July came in slightly below expectations, figures for payroll increases in May and June were revised substantially higher.


The Trump administration cheered the jobs numbers on Friday as a sign its economic policies are continuing to boost growth and hiring. The new spending follows a 60 per cent jump in oil prices in the past year. The solid rate of hiring reflects strong production, business confidence, and plans for expansion. The value of U.S. exports slid 0.7% to $213.8 billion; imports rose 0.6% to $260.2 billion, led by increases in medicine and crude oil.

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