Economy adds jobs, but unemployment rises

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Friday, August 03, 2012

U.S. employers added 163,000 jobs in July, yet the unemployment rate rose to 8.3%

July’s hiring was the best since February. Still, the economy has added an average of 151,000 jobs a month this year — enough to keep up with population growth but not enough to drive down the unemployment rate, the AP reported.

“After a string of disappointing economic reports ... we’ll certainly take it,” said James Marple, senior economist at TD Economics.

Read more at OregonLive.com.

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