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.
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.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?