Credence Independent Advisors: 209,000 jobs added by US economy in July

July witnessed an addition of 209,000 jobs by US, showing that the US is on its course of economic recovery The manufacturing and professional business services sector witnessed the biggest job gains. There has also been a slight increase in the US labour market, which will encourage workers who have given up job hunt to enter the job market once again. According to the Commerce Department, during the period April to June, the US economy grew by a better than expected 4 percent. However, the latest data from the Bureau of Labour Statistic has shown that the unemployment rate has slightly increased to 6.2 percent. The job data for May and June was also revised upwards to show that the US economy added 15,000 more jobs for May and June.