Bureau Of Labor Statistics Reports Strong Jobs Report For July 2016

The U.S. economy added 255,000 jobs in July 2016, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported. Job gains occurred in professional and business services, health care, and financial activities.

According to the Wall Street Journal, wages for private-sector workers matched their strongest annual pace of growth in seven years.