More Hiring In July, But Jobless Rate Up To 8.3 Percent

job report july unemployment
job report july unemployment



By Lucia Mutikani


WASHINGTON -- U.S. employers in July hired the most workers in five months, but an increase in the jobless rate to 8.3 percent will probably keep expectations of additional monetary stimulus from the Federal Reserve intact.

Nonfarm payrolls rose 163,000 last month, the Labor Department said on Friday, beating economists expectations for a 100,000 gain. The report was dimmed somewhat by the increase in the jobless rate from 8.2 percent in June, even as more people gave up the search for work.