Employers Create 215,000 Jobs in July

By Toni Vranjes

August 7, 2015

The unemployment rate stayed at 5.3 percent last month as the economy generated 215,000 new jobs, the Labor Department announced today.

For May and June, the government revised job gains upward. For those two months combined, there were 14,000 more jobs than earlier reported.

“The report, in line with expectations, shows overall a solid performance of the labor market, easing some early concerns that job creation may have suffered a summer lull,” wrote Adolfo Laurenti, chief international economist at Mesirow Financial, on the firm’s blog. “That apparently is not the case; upside revisions to May and June also contribute to assuaging worries.”

In July, the economy added 36,000 jobs in retail trade, and 29,000 in food and drinking establishments. Other growth areas included health care, with 28,000 new jobs; and professional and technical services, with employment growth of 27,000.

Meanwhile, average hourly earnings increased by 5 cents in July, and rose by 2.1 percent over the year, the Labor Department stated.

Overall, the report points to a very gradual recovery, according to Laurenti. “The labor market continues to heal, slowly returning to a healthier state,” he wrote.

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