Payroll growth rose in line with expectations in July and the unemployment rate remained at 3.7% amid a sharp jump in the size of the labor force to its highest level ever.
The Labor Department reported Friday that payrolls increased 164,000 during the month, just 1,000 below the 165,000 Dow Jones forecast. This also was about the average monthly gain for the year. In 2018, the economy created 223,000 jobs a month.
Major stock indexes had little reaction. They were already down in premarket trading before the report.