July Jobs Report: +215K Jobs

The U.S. economy created 215,000 net new jobs last month. The unemployment rate held steady at 5.3%. This is almost exactly what Wall Street had been expecting.

If you look at the decimals, the unemployment rate fell to 5.261%. That’s the lowest since April 2008.

The Federal Reserve will almost certainly be raising interest rates next month.

Here’s a graph of the unemployment rate:

Here’s the change in nonfarm payrolls:

Here’s NFP growth with a trend line I added:

Posted by Eddy Elfenbein on August 7th, 2015 at 8:31 am

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