The unemployment rate fell to 6.4% in July, better than expectations for a flat reading and the lowest level in two years…

… thanks to a 75K gain in employment, which was split evenly between part-time and full-time work.

The sector skew was also positive - with public sector losses more than offset by gains in trade, finance, and construction among other categories…

… but there’s still work to do on the demographic mix, with young job seekers sitting below pre-COVID trends while employment in the 55-64 age group tracks above average.

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