Econ­omy

The Washington Post Sunday - - TAKING STOCK -

The U.S. econ­omy added 209,000 jobs in July, sur­pass­ing econ­o­mists’ ex­pec­ta­tions and sug­gest­ing the econ­omy con­tin­ues to thrive af­ter an ex­tended streak of job gains in re­cent years. The un­em­ploy­ment rate ticked down to 4.3 per­cent, com­pared with 4.4 per­cent in June, and wages rose by 2.5 per­cent from the year be­fore to $26.36 in July. U.S. car­mak­ers said that they con­tin­ued to slash low-mar­gin sales to daily rental fleets in July as the over­all pace of U.S. car and light­truck sales fell for the fifth month. Ma­jor au­tomak­ers — in­clud­ing Gen­eral Motors, Ford, Fiat Chrysler, Nis­san and Hyundai — said they sharply re­duced rental-car sales in July.

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