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

Reed, Robertson square off in only televised debate of campaign

Local_News41-620x400

Republican Congressman Tom Reed and democratic challenger Martha Robertson made their respective pleas to voters Thursday.

in National

New York doctor tests positive for Ebola

An exterior view of Bellevue Hospital in New York City, October 23, 2014.

A physician with Doctors Without Borders who returned to New York City from West Africa has tested positive for Ebola.

in Local

Cornell employee implicated in scandal at UNC

CORNELL LOGO

A Cornell University staffer has been implicated in a scandal rocking the University of North Carolina’s athletics department.

in Local

SUNY Canton issues lockdown following social media threat

crime2

Students are being asked to shelter in place.

in Sports

NFL ‘on track’ to field London team

nfl

The NFL plans to field a team in London and could have a franchise there by 2022.