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, World

World leaders join last survivors in recalling Auschwitz

Fresh
Members of Polish Scouting Association from Canada and U.K. place a lit candle at block 15 in the former Nazi German concentration and extermination camp Auschwitz in Oswiecim January 26, 2015.

World leaders joined Auschwitz survivors at the site of the former Nazi death camp to mark 70 years since its liberation by Soviet troops.

in Sports, Viral Videos

Marshawn Lynch holds an “awesomer” press conference

23-overlay4

"You don't feel in beast mode. It feels you."

in Entertainment, Trending, Viral Videos

Check out the rebooted Fantastic 4 teaser trailer

10-overlay2

Watch the first teaser trailer for the rebooted Fantastic 4

in Sports

No change for NASCAR in 2015

harvick

NASCAR won't change its new championship format.

in Sports

Tuesday’s Sports Minute

kobe

A look at some of the big sports stories making news today, Tuesday, Jan. 27.