Another 200,000+ Jobs, Another Interest Rate Hike Prediction
With a jobs report roughly in line with Wall Street forecasts, the Fed's first interest rate hike in nearly a decade seems as close as ever.By Cliff Judy | August 7, 2015
July's jobs report is out, with yet another 200,000-plus jobs added. The actual numbers show employment increased an estimated 215,000 jobs, which is right about in line — if slightly below — Wall Street expectations.
The unemployment rate remained steady at 5.3 percent, with average hourly earnings going up a nickel to just shy of $25 an hour. (Video via KPIX)
This, of course, shifts the attention right back to the Federal Reserve, as many predict Janet Yellen will announce in September the first interest rate hike in nearly a decade. (Video via Federal Reserve System)