U.S. creates 215,000 jobs in July, setting stage for rate hikes
August 07, 2015 at 09:36 AM EDT
The U.S. pumped out another 215,000 new jobs in July to set the stage for the Federal Reserve to raise interest rates next month, but workers still aren’t getting hefty raises and millions of Americans remain on the sidelines. The unemployment rate was unchanged at 5.3%.