Comment on U.S. added 163,000 jobs in July; unemployment rate ticks up to 8.3 percent

U.S. added 163,000 jobs in July; unemployment rate ticks up to 8.3 percent

The U.S. economy added more jobs in July, but the unemployment rate ticked up to 8.3 percent, the Labor Department reported. The monthly jobs figures released on Friday offered both good and bad news. On the one hand, payrolls expanded by 163,000 people, a promising rise after three straight months of disappointing job gains.

 

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