July job gains may favor September interest rate rise

August 7, 2015 5:08 AM

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July job gains may favor September interest rate rise

WASHINGTON The number of U.S. jobs probably rose at a healthy pace in July and wages likely rebounded in data due on Friday, providing further signs of an improving economy that could allow the Federal Reserve to raise interest rates in September.

A Reuters survey of economists forecast U.S. nonfarm payrolls increased by 223,000 last month, matching June's job gains, a number which would be slightly above the monthly average for the first half of the year.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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