6 Aug 2012

More jobs added in US

12:44 pm on 6 August 2012

The US economy added an extra 163,000 jobs in July, according to official figures. However, the unemployment rate rose from 8.2% to 8.3%.

The Department of Labor also said 6000 fewer jobs were created in May and June than previously estimated.

The economy has to generate 100,000 new jobs a month just to stand still, according to the Federal Reserve.

The total number of unemployed people in the United States was 12.8 million last month, unchanged from June.

Private-sector firms hired an extra 172,000 personnel, which more than offset a fall of 9000 in government payrolls.

Official data last week showed the US economy grew at an annual rate of 1.5% in the second three months of the year, which was slower than the 2% pace at the start of 2012.