US unemployment hits 7y low

08 July 2015

 

US unemployment dropped to a 7 year low of 5.3% in June as the country added 223k jobs. This was below market expectations of 233k. The previous 2 months were revised down by a total of 60k suggesting the pace of jobs growth was slowing a little. The Fed has said it would likely raise rates this year and this latest number makes it harder for the Fed to justify...

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