News / USA

US Private Sector Adds Jobs, Unemployment Stays at 9.5 Percent

TEXT SIZE - +

U.S. private employers added 71,000 jobs in July, indicating the U.S. labor market and the economy at large are slow to recover from recession.

A report Friday from the Labor Department shows the unemployment rate stayed unchanged at 9.5 percent.

Economists closely watch the private payrolls figure, because private companies do the bulk of hiring in the United States.  Employment is also a big indicator of consumer spending, as those who are unemployed or worried about job stability tend to spend less.

The country lost jobs overall in July, due in large part to cuts at the U.S. Census Bureau. The government agency cut about 144,000 temporary employees who were hired for only a couple of months to conduct the once-a-decade population count.

You May Like

Video Star Trek Influence Lives Long and Prospers

As new movie thrills, many are once again discussing the iconic franchise's influence on society, science and technology More

OECD: Developing Green Cities Key to Sustainable Future

OECD suggests strategies to mitigate rapid growth, industrialization in urban centers, which produce about two-thirds of greenhouse gas emissions More

Video Safe Rooms Saved Lives in Tornado Disaster

Safety experts say more safe rooms are needed in areas where tornadoes frequently strike More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Video

Video Volunteers Help Revive LA's Concrete River

The Los Angeles River is a concrete drainage channel through much of its 80-kilometer length. It channels waste-water from storm drains and has become a receptacle for much of the city's trash. But as Mike O'Sullivan reports, the river is slowly being restored with the help of volunteers, who take part in an annual clean-up.