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Latest Business News: US Employers Add 162K Jobs, Rate Falls to 7.4 Pct.

Wochit 0:51 mins

U.S. employers added 162,000 jobs in July, the fewest since March. The gains were enough to lower the unemployment rate to a 4? -year low of 7.4 percent, a good sign in an otherwise lackluster report. Stocks are opening lower on Wall Street after the government reported only modest job growth last month. MobileMe users that have been accessing iCloud storage at no charge over the last couple of years will soon lose that right. Apple posted on its site recently that as of September 30, MobileMe users will no longer have complimentary storage through iCloud. Customers who need more than 5GBs of storage will have to pay for it.

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