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The U.S. Added 215,000 Jobs In July, And The Unemployment Rate Is The Lowest Since 2008!

By Rate Team
Shutterstock / fizkes
While for several years there was very little in the way of exciting employment news to celebrate, the Bureau of Labor Statistics just released their latest data, and the results are encouraging!

The current unemployment rate of 5.3% is the lowest since 2008, and the additional 215,000 jobs created in July is consistent with the pattern of steady growth this year. Those numbers are particularly positive in that they might allow the Federal reserve to raise interest rates for the first time since the recession, which would be indicative of a strengthening economy, which hopefully means more future job growth!

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