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U.S. adds impressive 209,000 jobs in July as jobless rate matches 16-year low
Published: Aug 4, 2017 8:59 a.m. ET
By Jeffry Bartash, Reporter
WASHINGTON (MarketWatch) — The U.S. labor market shows little sign of exhaustion nine years into an economic recovery as the economy added an impressive 209,000 new jobs in July.
The U.S. has added nearly 450,000 new jobs in the past two months, knocking the unemployment rate back down to a 16-year low of 4.3%.
Employment gains in July easily surpassed the 175,000 estimate of economists polled by MarketWatch. Stock futures pointed to a higher opening for the Dow Jones Industrial Average DJIA, +0.25% Yields on Treasurys also rose as did the value of the dollar DXY, +0.35%.