News

Economy adds 195K jobs, jobless rate 7.6 pct.

Economy adds 195K jobs, jobless rate 7.6 pct.

Photo: Associated Press

WASHINGTON (AP) — U.S. employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated. The gains raise hopes for a stronger economy in the second half of 2013.

The Labor Department says the economy added 70,000 more jobs in May and April than initially reported.

The unemployment rate stayed at 7.6 percent because more people started looking for work. The government counts people as unemployed only if they are looking for work.

The economy has added an average of 202,000 jobs a month for the past six months, up from 180,000 in the previous six. That suggests businesses are growing more confident in the economy.

If the gains continue, the Federal Reserve might start to scale back its bond purchases before the year ends.

Recent News

in Entertainment

Christian Bale to play Steve Jobs in new biopic

Fresh
bale

The "Dark Knight" star will portray the late Apple Computer co-founder.

in Entertainment, Viral Videos

Zack Galifianakis interviews Brad Pitt on ‘Between Two Ferns’

twoferns

The comic gets in some good digs at the "Fury" star in this hilariously awkward interview that's crashed by Louis C.K.

in Music

Jack White heading to Yale

jackwhite

The rocker will be part of a panel about legendary jazz and blues label Paramount Records.

in Entertainment

‘Breaking Bad’ star: ‘Florida mom messed it up for everyone’

aaronpaul

"Breaking Bad" star Aaron Paul has blasted bosses at Toys 'R' Us, and started his own petition to get the action figures back on store shelves.

in Music

Ozzy wants Bill Ward back for Black Sabbath swansong

ozzy

The rocker is keen to end his stand-off with drummer Bill Ward so he can join his bandmates for a final show.