July Unemployment Rises to 8.3 Pct., Job Creation Strengthens

The economy added a robust 163,000 jobs in July but unemployment rose to 8.3 percent as fewer people participated in the work force, the Labor Department reported Friday. With only three months to go before the presidential election, the country is eyeing the nation's unemployment to assess the state of the U.S. economy. The jobs report was mostly good news and stocks advanced. June's revised report showed that employers added just 64,000 jobs that month. "This jobs report has very mixed news...Full Story
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