News

Employers add 162K jobs, unemployment rate falls

Employers add 162K jobs, unemployment rate falls

U.S. employers added 162,000 jobs in July, the fewest since March. Photo: Associated Press

WASHINGTON (AP) — U.S. employers added 162,000 jobs in July, the fewest since March. But the gains were enough to lower the unemployment rate to a 4 ½ -year low of 7.4 percent.

The Labor Department says the rate fell from 7.6 percent in June. But that was one of the few good signs in an otherwise lackluster report.

Fewer jobs were added in the previous two months than earlier estimated. Americans worked fewer hours and their pay dipped. The figures suggest weak economic growth may be making businesses cautious about hiring.

The Federal Reserve will pay particularly close attention to the figures as it decides whether to scale back its $85 billion monthly bond purchases later this year.

Recent Headlines

yesterday in Local Sports

Kingma signs scholarship offer to compete at WWU

Courtesy of WWU Athletics

Kingma played at Oregon as freshman, state Player of the Year as prep

yesterday in Local Sports

Rangers steal another one from the Mariners

Updated
Texas Rangers' Elvis Andrus (1) steals second as Seattle Mariners second baseman Nick Franklin (6) catches the throw during the second inning of a baseball game, Thursday, April 17, 2014, in Arlington, Texas.

M's drop 3 of 4 to Texas despite the first home run of the season for Robinson Cano.

yesterday in Local Sports

RHP Stephen Pryor re-instated from 15-day disabled list

seattle mariners stephen pryor

Pryor returned from rehabilitation assignment, optioned to AAA Tacoma

yesterday in Local Sports

Seattle 1B Choi banned 50 games for positive test

seattle mariners jiman choi

The 22-year-old Choi was hitting .394 at Triple-A Tacoma with one homer and five RBIs.

yesterday in Sports

Wildcats G James Young to enter NBA draft

Updated
kentucky james young cut

Young helped Kentucky reach the final before it lost 60-54 to Connecticut last week. He averaged 14.3 points.