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US economy adds 255K jobs, unemployment down to 4.9%


Lion Heart

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Lion Heart

The U.S. economy added 255,000 jobs in July and the unemployment rate remained at 4.9%. It far surpassed expectations of economists surveyed by CNNMoney, who had predicted a gain of 182,000 jobs.

"Employment growth remains strong," says Jim O'Sullivan, chief U.S. economist at High Frequency Economics, a research firm.

So far this year, America has added about 1.3 million jobs. That's a healthy improvement but still a slightly slower pace than last year, when it had gained about 1.6 million jobs by this point. Job gains for May and June were revised up a bit too.

Wage growth continued to show signs of more momentum. Wages grew 2.6% compared to 2.2% the same time a year ago.

http://money.cnn.com/2016/08/05/news/economy/us-economy-july-jobs-report/index.html?adkey=bn

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Shipper

Oh yeah, where are these jobs. Why am I still unemployed after just graduating...

Lol because im here in GGD all the time:awesome::wtf::giveup::rip:

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