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Unemployment Rate Steady As Economy Adds 215,000 Jobs

Sasha Vitalis, left, talks about job opportunities to job seeker Omar Delgado at a job fair in Miami Lakes, Fla., last month.
Alan Diaz AP
Sasha Vitalis, left, talks about job opportunities to job seeker Omar Delgado at a job fair in Miami Lakes, Fla., last month.

Updated at 8:40 a.m. ET

The U.S. economy added 215,000 jobs last month, just shy of the number forecast by economists. The unemployment rate remained unchanged at 5.3 percent.

Wages were up slightly and the number of long-term unemployed remained the same as June.

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The consensus forecast had been for 220,000 new jobs. The gains occurred in retail trade, health care, professional and technical services, and financial activities, the Department of Labor's Bureau of Labor Statistics reported in its latest employment survey.

For June, the Labor Department announced 223,000 jobs added and a slight decline in the unemployment rate to 5.3 percent.

As The Washington Post notes, the report provides "a critical piece of information for the Federal Reserve as it considers whether the economy can withstand an increase in its benchmark interest rate. The nation's central bank generally raises its target rate when it is trying to rein in an overheating economy and lowers it when it wants to stimulate activity."

NPR's John Ydstie adds: "Fed policymakers said last week that they wanted to see some further improvement in the job market before they raise rates."

John said before the survey came out that hitting the expected 220,000 new jobs was "probably enough to keep the Fed on track to raise short term rates in September, off of zero where they've been for more than 6.5 years."

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The average hourly wage increased by 5 cents an hour to $24.99. Over the past year, the hourly wage has risen by 2.1 percent. The average workweek for private, nonfarm payrolls also edged up slightly to 34.6 hours in July from 34.5 hours in June.

Some 29,000 jobs were added in food services; 28,000 jobs in health care, 27,000 in professional and technical services; 15,000 in manufacturing and 14,000 in transportation. The mining sector lost 5,000 jobs.

Copyright 2015 NPR. To see more, visit http://www.npr.org/.