WASHINGTON (AP) -- U.S. employers added a solid 215,000 jobs in July, signaling a steadily rising job market and providing a key piece of evidence for the Federal Reserve in deciding whether the economy can withstand higher interest rates as soon as September.

The Labor Department also says the unemployment rate held at a relatively low 5.3 percent for a second straight month.

Monthly job growth has averaged 211,286 so far this year, indicating that employers are confident that the six-year recovery from the Great Recession can sustain strong consumer demand and require more workers.

Posted by moy23 on 8/19/2015 1:59:00 PM (view original):

Posted by bad_luck on 8/19/2015 8:59:00 AM (view original):
You realize we bought a lot of the GM shares in 2008, right?

You realize it still wasn't enough to get the taxpayers off the hook, right?



"Treasury closes the book on GM bailout with final stock sale

The Treasury Department has sold its final stake in General Motors, closing the book on its 2009 bailout of the auto industry. GM has been revived and is now profitable, but taxpayers are out more than $10 billion dollars.

Treasury Secretary Jack Lew announced the final stock sale late Monday afternoon, saying that Treasury ultimately recouped $39 billion through the sale of shares, dividends and loan repayments since 2009. But the government pumped $49.5 billion into GM to help it get through a bankruptcy reorganization."

http://money.cnn.com/2013/12/09/news/companies/gm-bailout-stock-sale/

OBummers idea of saving the US car industry with a bailout which Americans lost $11 billion