Payroll Rise of 215,000 in July Keeps Fed on Track for September
Inside Today's U.S. Jobs Report
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The U.S. job market is chugging ahead, making the type of progress Federal Reserve policy makers want to see in order to raise interest rates as soon as September.
Employers added 215,000 jobs in July and the unemployment rate held at a seven-year low of 5.3 percent, a Labor Department report showed Friday in Washington. The gain in payrolls last month followed a 231,000 advance in June that was bigger than previously estimated.