U.S. economy adds 163,000 jobs in July
By The Week Staff | August 3, 2012
Applicants wait to enter a June job fair in New York City: The U.S. economy added just 80,000 jobs in June, falling short of six-figure expectations.
John Moore/Getty Images
T
he U.S. economy added a better-than-expected 163,000 jobs in July, the Labor Department announced on Friday morning, the best net gain in five months. Many analysts had expected a more modest boost of about 100,000 jobs. Despite the gains, the unemployment rate rose from 8.2 percent in June to 8.3 percent in July.
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