Nonfarm Payrolls Increase By 209,000 In July

(Washington, DC) -- The U.S. is still enjoying a high rate of job creation, though the numbers in July aren't as strong as June's. The latest Bureau of Labor Statistics numbers show 209-thousand nonfarm jobs were created in July. That's down from the 288-thousand created in June, and below the 230-thousand or so most analysts were expecting. The unemployment rate rose slightly to six-point-two percent, up one-tenth of a percent from June. It's the first time since 1997 that the U.S. has topped 200-thousand nonfarm jobs in six straight months.