Economy adds 255,000 jobs in July

The U.S. economy added 255,000 jobs in July easily beating forecasts. The unemployment rate held at 4.9 percent for the second straight month, the Labor Department said on Friday.

Strong jobs growth could increase Democratic presidential nominee Hillary Clinton’s chances of winning on Election Day.

Economists had forecast around 180,000 jobs would be added in July.

The total job creation in May and June was 18,000 more than originally reported. May’s figure rose to 24,000 from 11,000 and June’s figure increased to 292,000 from 287,000. The average job gains over the past three months was 190,000.

Economic growth slumped this year, posting a 1.2 percent rate in the April-June quarter.

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