Last Updated:August 23 @ 07:55 am

Unemployment rises to 8.3%

By Christopher S. Rugaber

WASHINGTON (AP) - U.S. employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring.

The Labor Department says the unemployment rate rose to 8.3 percent from 8.2 percent in June.

July's hiring was the best since February. Still, the economy has added an average of 151,000 jobs a month this year, roughly the same as last year's pace. That's 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 say the business survey is more reliable.

High unemployment could hurt President Barack Obama's re-election hopes. No president since World War II has faced re-election with unemployment over 8 percent.

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5 Comments

  1. capricorn1Comment by capricorn1
    August 3, 2012 @ 8:03 am

    as usual the obama media lies for him.

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  2. wolfComment by wolf
    August 3, 2012 @ 11:01 am

    I have no idea how these people come up with their numbers.
    I talk with people all day every day. At LEAST one out of every 10 I talk with are out of a job. Not under-employed, but literally out of a job period. My State has a lower unemployment rate than most States…so what does that say about the numbers that are reported to us? The organizations that report these numbers are clearly in Obama’s camp and can’t even get the numbers down. I’d bet my house that true unemployment is at least 10% and probably closer to 12 or 13%.

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    • joelinpdxComment by joelinpdx
      August 3, 2012 @ 12:54 pm

      U-6, which is the true unemployment rate covering those who have run out of unemployment coverage, climbed one-tenth of a point in July and hit an even 15 percent. The “unemployment” rate that is widely reported was changed so Obozo minions could report a rate that didn’t sound near so bad. Even so, unemployment has been above eight percent for 42 straight months or basically since Obozo has been in office.

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  3. AMVoterComment by AMVoter
    August 3, 2012 @ 2:09 pm

    Unemployment goes up and the article says it’s a “hopeful sign.”

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    • billwvComment by billwv
      August 3, 2012 @ 4:57 pm

      AM voter: Maybe they mean that Ozero’s hope of Socialist/Marxism is really taking hold.

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