July Jobs Report: 4 Pieces Of Good News Buried In The Gloom

july jobs report
july jobs report

The long slow, slog that is improvement in the labor market continued in July, the Labor Department reported Friday. For many job seekers, that means the difficulty that many have experienced in landing a new position remains.

As the Labor Department reported, employers added 163,000 jobs last month -- far more than the 100,000 forecast and the biggest gain since February. But the nation's unemployment rate ticked up to 8.3 percent. Those seemingly divergent moves are caused in part by more job seekers reentering the labor market and being counted as unemployed.