Employers added solid 215,000 jobs in July

August 7, 2015 1:12 PM

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Employers added solid 215,000 jobs in July

The economy added a solid 215,000 jobs last month in a development that could help give the Federal Reserve the evidence it needs to raise interest rates in September for the first time in nearly a decade.

The unemployment rate, which is calculated from a different survey, was unchanged at 5.3%, the Labor Department said Friday, as a modest rise in employment was offset by an increase in the labor force as some Americans on the sidelines resumed their job searches.

Also read: Europe must find way to grow even when rates rise: ECB's Coeure

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