july jobs numbers
Wages barely budged in July's jobs report -- but the Fed still seems poised to raise interest rates.
The consistently, if ploddingly, improving job market appears to be arresting the worrisome decline in the labor force rate. If so, this will be an unequivocal plus for the recovery.
The U.S. economy added 209,000 jobs in July, as the unemployment rate inched up to 6.2 percent, the Bureau of Labor Statistics
Payrolls were up 162,000 last month and the unemployment rate fell to 7.4 percent, the lowest it has been since December 2008. The report shows continued improvement in the job market, but at a rate that remains moderate, in keeping with an economy that is reliably expanding but has yet to really accelerate.