The U.S. added 157,000 new jobs in July to nudge the unemployment rate below 4% again in another solid showing for a surging economy. The increase was below the 194,000 MarketWatch estimate, but hiring in June and May was stronger than previously reported. The unemployment rate, meanwhile, dipped to 3.9% from 4%. The average wage paid to American workers rose by 7 cents, or 0.3%, to $27.05 an hour. The yearly rate of pay increases was unchanged at 2.7%. Employment gains for June and May were revised up by a combined 59,000, the Labor Department said Friday. The government said 248,000 new jobs were created in June instead of 213,000. May's increase was raised to 268,000 from 244,000.
Prettay, prettay, prettay good! ---
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