Unemployment Rate Dips after Employers Added 162,000 Jobs in July
Total nonfarm payroll employment increased by 162,000 in July, the Bureau of Labor Statistics reported Friday, sending the unemployment rate down by two-tenths of a percentage point to 7.4 percent, although many of the gains were in low-wage jobs.
All Accounting Today articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, blog discussions, and conference discounts. Registered members may also choose to receive our exclusive Tax Pro Today e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.