July Payrolls Rise; Unemployment Rate Ticks Up to 8.3%

on .


U.S. payrolls jumped by 163,000 in July and trucking jobs rose by more than 3,000, the Labor Department said Friday.

The unemployment rate rose 0.1% from June to 8.3% as more people looked for work, and total private-sector jobs jumped by 172,000, topping economists’ forecasts, Bloomberg reported.

Economists’ had forecast an overall gain of 100,000 jobs and a private-sector increase of 110,000, Bloomberg said.

Continue reading at: