Published August 01, 2014
The latest employment report shows the U.S. economy growing at a steady pace, adding 209,000 jobs in July. While the gains were not as strong as the previous three months, the July jobs report marks the sixth straight month of job growth above 200,000. That’s the number of jobs economists believe U.S. employers need to create each month to reduce the unemployment rate. And yet, despite another solid month of hiring, the unemployment rate rose slightly. VOA's Mil Arcega has more.