Unemployment Rate

Despite Thousands of New Hires US Unemployment Rises

163,000 hired by companies in July while the unemployment rate increased from 8.2 percent to 8.3 percent.

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US firms hired an extra 163,000 workers in July according to official figures, beating economists' forecasts.

The unemployment rate rose from 8.2% to 8.3% last month as more people re-entered the workforce but failed to find a job.

The US Department of Labor also said 6,000 fewer jobs were created in May and June than first estimated.