Strong Job Gains, for Second Month, Reframe Economic Outlook

August 5, 2016 1:52 PM

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Stock markets in the United States opened higher on Friday after the report’s release.

June’s gain was revised upward by 5,000 jobs, and May by 13,000. The combination of better gains in the spring and July’s jump in hiring suggest that the Federal Reserve may take a fresh look at raising interest rates when it meets in September.

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

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