US economy adds more jobs than expected, unemployment ticks up to 8.3%

US economy adds more jobs than expected, unemployment ticks up to 8.3%
The US added a better-than-expected 163,000 jobs in July in a sign that the recent slowdown in the world's largest economy may have stabilised.
The rise in non-farm payrolls beat expectations of 100,000 additional jobs and compares with a rise of 80,000 in June. The unemployment rate rose from 8.2 to 8.3 per cent.
If the improvement is sustained into August then it will complicate the US Federal Reserve's decision about whether to ease monetary policy further. It will also give a temporary boost to President Barack Obama, making it harder for his Republican challenger, Mitt Romney, to attack on the economy.

http://link.ft.com/r/5F39HH/AMO1RK/D45D0H/VL4HDI/B5VVVM/GX/h?a1=2012&a2=8&a3=3

Related articles

• U.S. job market heats up (business.financialpost.com)
• July's hiring best since February, but unemployment rises (tbo.com)
• Weak U.S. hiring expected for fourth straight month (washingtontimes.com)
• OMB report says recession will cost decade of high unemployment rates (politico.com)
• US Central Bank Decides Against New Economic Stimulus (blogs.voanews.com)
• Draghi Disappoints and the IMF Warns About the US Fiscal Cliff (investmentwatchblog.com)