Employment in the US rose to a solid pace in July

Employment in the US rose to a solid pace in July
Employment in the US rose to a solid pace in July

The US employment rose at a solid pace in July and wages rebounded after a surprise stagnation the previous month, signs that the improvement in the economy could open the door to a rise in interest rates the Federal Reserve in September .

Nonfarm payrolls rose by 215,000 last month due to a rebound in employment in construction and manufacturing sectors offset further declines in the mining sector, the Labor Department said Friday.

Meanwhile, the unemployment rate remained at a seven-year low of 5.3 percent.

Economists polled by Reuters had projected that non-farm payrolls to rise by 223,000 last month and the unemployment rate to hold steady at 5.3 percent.

The payrolls data May and June was revised to show 14,000 jobs were created more than previously reported. Additionally, average weekly hours worked rose to 34.6 hours, the highest since February, compared with 34.5 hours in June.

Via : www.altonivel.com.mx

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