The U.S. economy added another 157,000 jobs in July and the unemployment rate fell to 3.9 percent, according to a Labor Department report Friday.
Economists had expected a nonfarm payrolls gain of 190,000 and the jobless rate to tick down to 3.9 percent.
Nonfarm payroll growth for June was revised up to 248,000 from 213,000. May’s jobs were revised to 268,000 from 244,000. So what seems to have happened is that many of the jobs that were expected in July were actually created in prior months.