U.S. Economy Added 215,000 Jobs in July; Unemployment Still 5.3%

August 7, 2015 12:47 PM

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U.S. Economy Added 215,000 Jobs in July; Unemployment Still 5.3%

The American economy added 215,000 jobs in July, a respectable gain that could raise the comfort level of policy makers at the Federal Reserve as they consider the timing of their long-awaited move to raise interest rates.

Although slower than the blockbuster pace of hiring in late 2014, the average monthly payroll gain in the first half of 2015 stood at more than 200,000 and the report from the Labor Department on Friday showed employers to be consistent last month.

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

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