Unemployment rises in July

The U.S. unemployment rate increased to 8.3 percent in July from 8.2 percent in June, according to The Washington Post.

However, U.S. employers added about 163,000 jobs in July, which is the most since February and could be a positive sign after three months of slow hiring. The economy has added an average of 151,000 jobs per month this year.

Despite the number of jobs added, the unemployment rate reportedly increased because the government uses two surveys—a survey of businesses showed job gains, but a survey of households showed fewer people were employed. Economists say the business survey is more reliable.

In June, the professional and business services sector added 49,000 jobs; manufacturing sector added 25,000 jobs; and health care sector added 12,000 jobs. The construction, retail, transportation and warehousing, government, financial services and mining sectors basically were unchanged.

There currently are 12.8 million unemployed people in the U.S.

Date : 8/3/2012


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