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 News

in Entertainment

‘Furious 7′ continues box office domination for 4th week

Fresh
This photo provided by Universal Pictures shows, Vin Diesel as Dom Toretto in a scene from "Furious 7."

"Furious 7" had enough left in the tank to top "The Age of Adaline" and lead the box office for a fourth straight week.

in Entertainment, Viral Videos

The five stages of watching a Marvel movie

15-overlay11

"Oh God, this franchise is never going to end."

in Entertainment

‘Super Troopers 2′ is coming soon

supertroopers

Fans of cult comedy have helped producers raise more than double their $2 million crowdsourcing target to fund a follow-up to the 2001 film.

in Entertainment

Usher, Pharrell, Kevin Hart join forces for scholarship initiative

20-overlay7

Actor Anthony Anderson, singer Toni Braxton, and NBA star Chris Paul were also among those who contributed to the United Negro College Fund, to help students pursue higher education.

in Entertainment

Today in entertainment history: April 27

johnlennon

A look back on some of Hollywood's most memorable headlines.