US Economy Created 163,000 Jobs In July - Better Than Expected

By Joseph Lazzaro | August 03 2012 8:36 AM

The U.S. economy created 163,000 jobs in July -- better than the 100,000 consensus estimate. The unemployment rate rose to 8.3 percent from 8.2 percent.

REUTERS

The U.S. economy needs to create about 10 million full-time jobs to meet the needs of all in the nation seeking full-time work.

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Economists surveyed by Bloomberg News had expected the economy to create 100,000 jobs in July.

The economy created a revised to 64,000 jobs in June, down from the initially-estimated 80,000 total; May, to 87,000 from 77,000.

Details to follow.

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