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

in Local

Iowa Employee Union Talking Health Insurance

insurance1

Iowa's largest employee union is negotiating health insurance.

in Local

Iowa State Patrol to Step Up Holiday Enforcement

police lights

Iowans will see more state troopers on the road this weekend.

in Local

Nebraska Study Weighs the Risks of Smoking

cigarette

A University of Nebraska study considers the risks associated with weight and smoking.

in Local

Friday’s University of Nebraska and Iowa Game to Honor Pilger Man

photo

Friday's game will continue to honor a hero from each state for acts of courage.

in Local

Watershed Advisory Task Force Creates Framework for South Dakota Waters

Watershed

The Regional Watershed Advisory Task Force of the South Dakota Legislature agreed on two pieces of legislation Monday.