• News Ticker alerts

President Obama got unexpected good news this morning (Aug. 3): the Labor Department said the nation added 163,000 nonfarm jobs in July, the highest monthly growth since February. Economists had expected 100,000. However, the unemployment rate rose to 8.3% from 8.2% the previous month, probably reflecting a rise in the workforce, as more people sought jobs. Average hourly wages rose by 2 cents. Over the last year, wages have risen 1.7%, matching the inflation rate.

  • News Ticker alerts


Sign in to comment

Join our
newsletter list

Enter to win $25 at Broken Yolk Cafe

Each newsletter subscription
means another chance to win!