US economy creates more jobs than expected in July

It has been yet another bumper month for US payrolls, which shows job gains of 209,000 in July, above market estimations of 183,000. With equity and currency markets reacting positively on the news, the figure is yet another indicator of the world's largest economy continuing to show healthy signs of a sustained recovery. For FED chair, Janet Yellen, this figure will add further weight to the argument that the US is ready for a third rate hike in 2017.