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

1 hour ago in Entertainment

Today in entertainment history: April 24

Fresh
bobdylan

A look at some of the biggest Hollywood headlines of days past.

yesterday in Local Sports

The Seahawks announce 2014-15 schedule

FILE - In this Oct. 2, 2011, file photo, taken with a fisheyelens, the Seattle Seahawks and Atlanta Falcons play during an NFL football game at CenturyLink Field in Seattle. Opened in 2002, the stadium's signature roof canopies and rainbow-like trusses hang over the field to protect most of the seats and trap in the crowd noise.

The defending Super Bowl champion Seattle Seahawks will open their title defense on Thursday, Sept. 4, against the Green Bay Packers.

yesterday in Local Sports

Seager’s 2 HRs give Seattle 5-3 win over Houston 

seattle mariners mlb kyle seager

Mariners snap a 8 game losing streak to avoid AL West cellar.

yesterday in Sports

Emmert supports more efficient, effective NCAA

NCAA President Mark Emmert answers a question at a news conference Sunday, April 6, 2014, in Arlington, Texas.

NCAA President Mark Emmert believes college sports can address the concerns of union organizers without changing the entire model.

yesterday in Local Sports

Seattle signs Trufant, CB expected to retire

seattle seahawks logo generic

Seattle announced the signing Wednesday and said Trufant was expected to announce his intentions during a news conference Thursday.