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US Booming Economy Adds Over 215, 000 New Jobs

US Booming Economy Adds Over 215, 000 New Jobs

Aug 13,2015

The USA economy has added over 215, 000 new jobs in the month of July and thus meeting the expectations of the overall unemployment rate to remain steady at around 5.3%. Till now, on an average, around 208,000 jobs are being added to the economy, every month in this year.

According to Economists observation, nearly 225,000 jobs have been added totally in July and the unemployment rate has remained the lowest in the last 7 years.

Come September, the US Federal Reserve is hoping to increase the interest rates almost after a decade.

 

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