U.S. Added 255,000 Jobs in July

Saturday, August 6, 2016

 

Hiring has surged nationwide, according to the July jobs report. The US economy added 255,000 jobs last month - That’s the second straight month of strong gains. Unemployment didn’t change however — It’s still at 4.9 percent. Many more Americans began looking for a job, and nearly all were hired. But the influx of job seekers meant that the number of unemployed fell only slightly. Investors appeared pleased by the data, with the Dow Jones industrial average surging about 160 point in midmorning trading. Some economists raised the possibility that the job gains will embolden the Federal Reserve to resume raising rates later this year.

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