Latest Business News: US Employers Add 162K Jobs; Rate Falls to 7.4 Percent

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Latest Business News: US Employers Add 162K Jobs; Rate Falls to 7.4 Percent

Latest Business News: US Employers Add 162K Jobs; Rate Falls to 7.4 Percent
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Latest Business News: US Employers Add 162K Jobs; Rate Falls to 7.4 Percent

by Wochit 0:46 mins

U.S. employers added 162,000 jobs in July, a modest increase and the fewest since March. At the same time, the unemployment rate fell to a 4?-year low of 7.4 percent, a hopeful sign. Yahoo announced that the company has acquired Rockmelt, a startup which aimed to reinvent the way users browse the Web through a host of social features. It's not clear how the latest employment report will influence the course of Federal Reserve's monetary policy. But it's been a big day for forecasts nonetheless.

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