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U.S. economy added 255,000 jobs in July
U.S. employers added a healthy 255,000 jobs in July, a sign of confidence amid sluggish economic growth that points to a resilient economy.
At the same time, the unemployment rate remained a low 4.9 per cent, the Labour Department said Friday in its monthly jobs report. More Americans launched job searches, and nearly all were hired. But the influx of job seekers meant that the number of unemployed fell only slightly.
The solid hiring could fuel an economic rebound in the second half of this year, with more paychecks and higher pay fuelling spending and growth.
U.S. stocks indexes rose after the jobs report was released, a signal that investors may feel more encouraged by prospects for corporate earnings.
U.S. economy added 255,000 jobs in July - Business - CBC News
U.S. economy added 255,000 jobs in July
U.S. employers added a healthy 255,000 jobs in July, a sign of confidence amid sluggish economic growth that points to a resilient economy.
At the same time, the unemployment rate remained a low 4.9 per cent, the Labour Department said Friday in its monthly jobs report. More Americans launched job searches, and nearly all were hired. But the influx of job seekers meant that the number of unemployed fell only slightly.
The solid hiring could fuel an economic rebound in the second half of this year, with more paychecks and higher pay fuelling spending and growth.
U.S. stocks indexes rose after the jobs report was released, a signal that investors may feel more encouraged by prospects for corporate earnings.
U.S. economy added 255,000 jobs in July - Business - CBC News
