News

Employers add 162K jobs, unemployment rate falls

Employers add 162K jobs, unemployment rate falls

U.S. employers added 162,000 jobs in July, the fewest since March. Photo: Associated Press

WASHINGTON (AP) — U.S. employers added 162,000 jobs in July, the fewest since March. But the gains were enough to lower the unemployment rate to a 4 ½ -year low of 7.4 percent.

The Labor Department says the rate fell from 7.6 percent in June. But that was one of the few good signs in an otherwise lackluster report.

Fewer jobs were added in the previous two months than earlier estimated. Americans worked fewer hours and their pay dipped. The figures suggest weak economic growth may be making businesses cautious about hiring.

The Federal Reserve will pay particularly close attention to the figures as it decides whether to scale back its $85 billion monthly bond purchases later this year.

Recent Headlines

in National

Police seek motive in fatal Washington state school shooting

mp

Authorities are seeking a motive as to why a high school student shot dead a female classmate and wounded four others.

in Sports

This week’s top sports shots

royals

A look at some of this week's best moments in sports.

in Sports

This weekend’s sports schedule

worldseries

A complete look at this weekend's sports schedule.

in National

Making headlines this week

AP977488553978

A look at some of this week's biggest newsmakers.

in National

Student opens fire in high school north of Seattle

People embrace in front of school busses at a church, Friday, Oct. 24, 2014, where students were taken to be reunited with parents following a shooting at Marysville Pilchuck High School in Marysville, Wash.

A student opened fire at his Washington state high school on Friday, killing one person, and wounding at least four others.