As the US economy continues to add jobs,the Federal Reserve is expected to raise interest rates for the first time in almost a decade come SeptemberThe US economy added 215000 jobs in July, while the unemployment rate remained regular at 5.3%, or meeting expectations. The numbers released by the Department of Labor on Friday heighten expectations that the Federal Reserve will raise interest rates as soon as September.
Economists expected US employment to absorb grown by 225000 jobs final month,and for the unemployment rate to hold at a seven-year low of 5.3%. So far this year, job gains absorb averaged 208000 a month. Continue reading...
Source: theguardian.com