Economy Adds 163,000 Jobs

The United States Department of Labor announced that the economy added 163,000 jobs in July, and the unemployment rate ticked up to 8.3%. That was an increase of one-tenth of a percent. The growth was hirer than expected, and much better than the 80,000 jobs in June. The economy has now grown jobs 29 months in a row. The unemployment rate went up due to a household survey. The Bureau of Labor Statistics conducts two surveys, one based on households and another based off of businesses. The business survey reported job growth of 172,000 jobs, while the household survey reported job loss of 90,000.

About Tyler

Tyler is the chief media reporter for TKNN, with the news organization since its founding in November of 2010. He has previously served as chief political reporter and chief political anchor for TKNN.

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