Thursday 5:38pm
July 31, 2014
Currently 73°F
Posted: Friday, August 3rd 2012 at 8:42am

163K jobs added in July, jobless rate rises to 8.3 pct.

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
WASHINGTON - U.S. employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring but the unemployment rate rose to 8.3 percent, from 8.2 percent in June.

July's hiring was the best since February. Still, the economy has added an average of 151,000 jobs a month this year, roughly the same as last year's pace. That's not enough to satisfy the 12.8 million Americans who are unemployed.

The rate increased because the government uses two surveys: A survey of businesses showed job gains, but a survey of households showed fewer people had jobs. Economists say the business survey is more reliable.

High unemployment could hurt President Barack Obama's re-election hopes. No president since World War II has faced re-election with unemployment over 8 percent.
© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.074067
icon
73°F
Gainesville, GA 30501
Mostly Cloudy
Wind: East 13 mph
Dew point: 65°F