The Bureau of Labor Statistics (BLS) released it's jobs report for July this morning and announced that 117,000 jobs were created last month. Private sector jobs increased by 154,000 while government employment decreased by 37,000.
The unemployment rate decreased by .1% to 9.1% from last months 9.2%.
They also announced a revision of May and June job creation. The country added an additional 56,000 jobs during that two month period.
Jobs increased in the health care, retail and manufacturing sectors.
The head of the Bureau of Labor Statistics Keith Hall discussed the July employment figures and hiring with members of the Joint Economic Committee. He is commented on the recent developments in the labor market and is answered questions on national employment trends.
This morning, President Obama addressed the employment numbers and how to prepare veterans for the workforce in a speech in Washington. He announced that the White House is proposing legislation that would give tax credits to companies that hire returning veterans and that the goal is to hire and train 100,000 veterans and their spouses so they can enter private sector jobs by 2013.