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 Entertainment

It’s gonna cost more to rent at Redbox

redbox

Prices for renting movies and video games will increase starting next week.

in Black Friday, Viral Videos

WATCH: What ‘Black Friday’ would look like as a scary movie

20-overlay6

Black Friday would be a scary shopping experience if it got the Hollywood treatment.

in Entertainment

Channing Tatum going behind the camera to direct

tatum

The "Magic Mike" star is taking on an adaptation of young-adult novel "Forgive Me."

in Music

The Beatles’ ‘Abbey Road’ pics fetch $230K

abbeyroad

Six discarded images from the iconic album shoot have been sold at auction.

in Entertainment

Natalie Dormer wants more nudity in ‘Game of Thrones’

nataliedormer

The "Game of Thrones" star wants more male nudity in the raunchy medieval-fantasy series.