There have been quite a few stories in the investing space lately. We've talked about the Greek debt crisis, Chinese market crash, Iranian nuclear deal and more. However, one of the biggest stories has been on the back burner; Federal Reserve interest rates. However, interest rates are something that we should definitely be talking about as they have the potential to wreak havoc in the market. With that said, key data that may help or hinder the interest rate hike was recently released. That data is the job growth we saw in the US in July. Today, we'll talk about why job growth is a key factor, what we saw from growth in July, and how July's report is likely to affect the Federal Reserves ultimate decision.

Why Jobs Growth Is A Key Factor To Interest Rate Hikes

The Federal Reserve interest rate is very important to the strength and stability of the United States economy. That's why it was reduced during the depths of the economic crisis of 2008 and 2009. Lower interest rates mean that consumers and businesses spend less money on interest; leaving more money available for economic growth. As a matter of fact, that's where the jobs report comes in. The Federal Reserve knows that increasing interest rates while the economy is still struggling is a bad idea. After all, adding stress to an already stressed economy can only make matters worse. When jobs reports are released, they provide a look into the stature of the economy. Strong reports show a strong economy and weak reports prove that the economy still needs work.

What We Saw By Way Of Jobs Growth In July

July's jobs report was a bit mixed. While there was solid news, there was also a factor that was a bit concerning. Here are the details…