World Economy

US Adds 215K Jobs

US Adds 215K JobsUS Adds 215K Jobs

The US job market just demonstrated that it may be nearing full health more than six years after the Great Recession—and showed why the Federal Reserve may be about to raise interest rates from record lows, NewsNow reported. July marked the latest month in a streak of solid hiring, with employers adding 215,000 jobs and the unemployment rate holding at a relatively low 5.3%, the government said. Monthly job growth has averaged 211,286 so far this year, a level suggesting that employers are confident the economy will continue to expand and require more workers in the coming months and years.