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BIZ: Job Recovery Marches On
After gangbusters growth in June, July's job report was bit less impressive.
But the job recovery marches on, even if it is at a slower pace.
The US economy added 209,000 jobs in July.
That's according the Bureau Of Labor Statistics.
July's numbers are a dip from last month, but still managed to stay above 200,000; a trend we've seen since February.
In fact the economy added 1.5-million jobs so far this year, the strongest 6 months for hiring since 2006.
Meanwhile the unemployment rate ticked up to 6.2%.
That rise was caused by more workers joining the labor force.
But the recovery seems to be hitting its stride.
We already gained back the 8.7-million jobs we lost during the recession.
And the jobs added recently aren't the low-wage ones we've seen so far.
It's been middle-class sectors like manufacturing, construction and professional services.
But even with strong economic numbers, many americans still think the economy is not fully recovered.
An CNN/ORC poll found that only 41% believe that conditions are good.
Still, thats the highest percentage of Americans since the recession began in 2007.
And its a good sign for the economy when 209,000 jobs added is seen as a disappointing number.