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

3 hours ago in Local Sports

Bellevue native Myles Jack selected by Jaguars

jack505270873010

Jacksonville traded up two spots to get Jack, who had been widely projected to go early in the first round. The Jaguars traded the 38th and 146th (fifth round) overall picks to Baltimore to grab Jack.

4 hours ago in Local

18yo arrested on suspicion of abandoning son in Everett dumpster

baby

Police got a tip this week that she had been pregnant and then appeared not to be pregnant anymore, refusing to talk about what happened.

4 hours ago in Sports

Ducks fire coach Bruce Boudreau after early playoff exit

ducksboudreau

Boudreau had spectacular regular-season success with the Ducks, leading them to four consecutive Pacific Division titles while going 208-104-40 in nearly five seasons in charge.

5 hours ago in Local Sports

WWU rowing heads to WIRA championships

The Western Washington University women's rowing team. Courtesy of WWU Athletics

WWU will race against rivals Humboldt State and UC San Diego, both ranked right behind the Vikings in the West Region rankings.

5 hours ago in Sports

Rounds 2 & 3 today in the NFL Draft

goodell122974720035

Hear all the action from the NFL Draft right now on KPUG!