US economy adds 209,000 jobs in July

Written By Unknown on Jumat, 01 Agustus 2014 | 20.24

1 August 2014 Last updated at 13:55

The US economy added 209,000 jobs in July adding to optimism that the US economy is roaring once more.

The unemployment rate ticked up slightly to 6.2%, latest data from the Bureau of Labor Statistics have shown.

The biggest job gains were in professional business services and manufacturing jobs.

On Wednesday, the Commerce Department said the US economy grew by a better-than-expected 4% during the April to June period.

In an encouraging sign, the number of people in the US labour market increased slightly - meaning workers who may have given up looking for a job have now begun to re-enter the jobs market.

The May and June jobs data were also revised upwards to show that the US economy added an additional 15,000 jobs.

'Bumps along the way'

Some economists had been expecting even larger figures, but nonetheless said that there was nothing "bad" about the report

"The downward trend [in the unemployment rate] remains intact, but there will be bumps along the way to normalcy," wrote US investment bank Jefferies economists in a note to clients.

July is often one of the weaker months for jobs growth, which is one possible reason for the uptick in the unemployment rate.

However, the figures are encouraging, as the US economy needs to add at least 150,000 jobs each monthly simply to keep up with population growth.

This is the sixth straight month that the US economy has added more than 200,000 jobs.


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