Earlier this week, AXIOMetrics, a market research company that provides strategic insight reports for real estate professionals, issued its July 2017 jobs report.
Here are some major takeaways:
- 209,000 jobs were added to the U.S. economy in July
- The national unemployment rate slightly dropped from 4.4% to 4.3%
- Top five annual job growth markets – New York City, Dallas, Atlanta, Los Angeles, Orlando
- Washington D.C. and Minneapolis-St. Paul move into top 10 of job-gaining metros
Beyond the major takeaways from the July jobs report, AXIOMetrics breaks down job growth by industry, analyzes how the Federal Reserve may interpret the current and upcoming economic climate, and explains how metrics like inflation and unemployment interact with each other.
The report also includes numerous graphs and visual aids to show how certain statistics compare to past metrics, but given the abundance of useful information provided by AXIOMetrics’ research, a personal analysis of the report is suggested to ensure a full understanding of job growth in the U.S. during July 2017.