Job Growth, Government Report | featured news

Americans kept health care spending in check for three years in a row, the government reported Monday, an unusual respite that could linger if the economy stays soft or fade like a mirage if job growth comes roaring back.

Mitt Romney said the July report showing an 8.3% jobless rate is a 'hammer blow' to the middle class. The U.S. economy added 163,000 jobs in July, according to a government report released today, but the unemployment rate rose to 8.3%.

Job growth in the U.S. rebounded higher in July and the unemployment rate edged lower, the government reported Friday, providing a pinch of good news amid turmoil in global markets and intensifying fears of a recession.