U.S. employers added or brought back 1.8 million jobs in July, down from 4.8 million in June. For perspective, we're still down 12.9 million since February.

The number of people on temporary layoff continued to fall in July, but the number of people on permanent layoff was basically flat. Still, good that we didn't see a rise in permanent losses.

The unemployment rate fell to 10.2 percent in July. That's down significantly from the nearly 15 percent in April, but it's still higher than at the peak of the Great Recession.

Note that the "misclassification" issue that has been plaguing the jobs numbers since March is still present, but much smaller. The unemployment rate would have been a bit less than a point higher without that issue.

Officially, state and local government added 241,000 jobs. But as flagged before the report, that's almost certainly a seasonal adjustment issue. (Normal summer layoffs came early.) State & local government jobs are down about 900k from a year ago.

Leisure and hospitality added nearly 600k jobs in July. But employment in the sector is still down more than 4 million from February.

Similar story in retail: solid gain, but smaller than in June, and nowhere close to enough to fill the hole.

Job gains were pretty broad-based, but not as broad-based as in June. The "diffusion index" (measure of how many sub-sectors were adding or cutting jobs) fell in July. And it was below 50 in manufacturing, meaning most sectors were contracting.

The number of people working part-time because they couldn't find full-time work fell in July, but remains extremely elevated.

Meanwhile the full-time employment rate has barely begun to dig out of the hole. Still well below where it was at the worst of the last recession.

Whites are the *only* major racial/ethnic group to have an unemployment rate in the single digits. For Black people, the unemployment rate is still nearly 15 percent.

There was a big drop in the number of "marginally attached" workers -- people who don't count as unemployed because they aren't actively looking. That suggests the drop in unemployment isn't just about people giving up.

More generally, if there's one thing I find encouraging in today's report it's the lack of evidence that temporary layoffs are turning into permanent job losses. Non-temporary unemployment is still alarmingly high, but it's not rising.
(The "core" concept here is via @JedKolko.)