Jobless Rate Drops to 7.4%, but Job Growth Still Lags
The nation’s economy added 162,000 new jobs in July and the jobless rate dropped to 7.4% from June’s 7.6%, according to figures released this morning by the U.S. Bureau of Labor Statistics.
William Spriggs, AFL-CIO chief economist, said today’s job numbers “continue to show a very mild recovery, but they fell below expectations and are disappointing.”


