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US adds 255,000 jobs in July, surpassing expectations

The US economy continued robust job creation in July, adding 255,000 jobs, the Labor Department saidThe US economy continued robust job creation in July, largely surpassing analyst expectations, according to data released Friday by the Labor Department. Non-farm payrolls rose by 255,000 jobs while the unemployment rate remained unchanged from the month before at 4.9 percent. The closely watched figures help fill out a complex economic picture for market observers eager for signs of whether the US Federal Reserve will raise interest rates later this year.

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