US unemployment rate rises to 8.3%

The unemployment rate in the US rose to 8.3% from 8.2% in June, officials said.

US employers added 163,000 jobs in July, new figures show, a hopeful sign after three months of sluggish hiring.

July’s hiring total was the best since February but the economy has added an average of 151,000 jobs a month this year, roughly the same as last year’s pace, which is not enough to satisfy the 12.8 million Americans who are unemployed.

The rate increased because the government uses two surveys: A survey of businesses showed job gains, but a survey of households showed fewer people had jobs. Economists said the business survey is more reliable.

High unemployment could hurt President Barack Obama’s re-election hopes. No president since the Second World War has faced re-election with unemployment over 8%.

More in this Section

PwC: More supports needed for businessesPwC: More supports needed for businesses

Brian Keegan: New ways to manage economy will be neededBrian Keegan: New ways to manage economy will be needed

Killarney could prove to be barometer for tourism recoveryKillarney could prove to be barometer for tourism recovery

Mortgage Advisory group predict spike in mortgage switching applicationsMortgage Advisory group predict spike in mortgage switching applications


Lifestyle

A spell in isolation might be an opportunity to change habits and help the environment.10 ways to be eco-friendly in lockdown

This steak with whisky-braised onions and mustard sauce recipe makes for a hearty supper.Steak with whisky-braised onions and mustard sauce recipe

Gardening tutor Sally Nex offers her top tips to help you start a thriving vegetable garden.How to grow your own veg in just three weeks

In a new daily feature, Arts editor Des O'Driscoll lists the best things on the box for the evening ahead.Monday's TV highlights: Brilliant quiz minds, driving test-stress and property deals gone awry

More From The Irish Examiner