U.S. July Payrolls Rise by 207,000; Higher than Expected

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00019612-us-july-payrolls-rise-by-207000-higher-th/

By Rex Nutting, MarketWatch

Hiring stepped up in the United States in July as 207,000 jobs were added to nonfarm payrolls, the Labor Department said Friday.

The unemployment rate remained at 5%, the lowest in 47 months.

Job growth was slightly stronger than expected by Wall Street economists, who were forecasting gains of about 183,000, according to a survey conducted by MarketWatch.

Seasonally adjusted payrolls in May and June were revised higher by a cumulative 42,000. Payroll growth has averaged 191,000 per month so far in 2005.

For this complete story, please visit U.S. July Payrolls Rise by 207,000.

U.S. July Payrolls Rise by 207,000; Higher than Expected

Unknown Author

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