July Jobs Report Weaker Than Expected

The economy added 162,000 jobs as unemployment fell to 7.4 percent.
0:39 | 08/02/13

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Transcript for July Jobs Report Weaker Than Expected
Weaker than expected jobs report this morning US economy adding 162000. Jobs for the month of July. While the unemployment rate did dipped to seven point 4% job growth is slowing and Americans are working fewer hours pay also slipped. But overall job growth year to date remains solid with an average of 2000 jobs being created each month since January keeping the unemployment rate heading downward. Wall Street -- Had a negative reaction to its stock futures losing its early gains jobs report big role that -- the next meeting discussed whether it's time to get rolling back. That 85 billion dollar a month stimulus program.

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