Unemployment Rate Edges Up to 6.2% as 209K Jobs Added in July

Business

0  Updated at 10:22 am, August 1st, 2014 By: ABC Digital
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iStock/Thinkstock(WASHINGTON) — The U.S. economy created 209,000 jobs in July, the Labor Department reported Friday.

The latest unemployment figures came in just below economists expectations last month.  July marked the sixth straight month where more than 200,000 jobs were added.
 
The unemployment rate inched up to 6.2 percent, a suggestion that more people may now be looking for work, which could be a good sign. Job gains occurred mainly in professional and business services, manufacturing, retail trade, and construction.
 
May and June employment numbers were revised to show that 15,000 more jobs were added in those months than initially reported.
 
The labor force participation rate and the number of long-term unemployed were little changed in July, at 62.9 percent and 3.2 million, respectively.
 

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