Payroll boom: The economy added 255,000 jobs in July

August 5, 2016 12:47 PM

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The labor market turned in a strong showing for the second straight month in July as employers added 255,000 jobs, pointedly easing concerns stoked by a spring slump.

The unemployment rate was unchanged at 4.9%, the Labor Department said Friday, as a sharp rise In employment was offset by a similar-size increase in the ranks of those both working and looking for jobs..

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

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