Payroll gain of 209,000, wage rise show U.S. labor strength

UNITED STATES PAYROLLS rose 209,000 beating estimates./ BLOOMBERG FILE PHOTO/JEENAH MOON
UNITED STATES PAYROLLS rose 209,000 beating estimates./ BLOOMBERG FILE PHOTO/JEENAH MOON
NEW YORK - The United States labor market hit its stride in July, as employers added workers at a solid clip, the jobless rate matched a 16-year low and monthly wage growth picked up. Highlights of Employment (July) Payrolls rose 209,000 (est. 180k); May-June revisions added 2,000 jobs. Unemployment rate, derived from separate survey of households,…

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