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Macroeconomics Latest News: US Economy Adds 195K Jobs, Jobless Rate 7.6 Pct.

Wochit 0:51 mins

U.S. employers added 195,000 jobs in June and hiring was more robust in the two previous months than earlier estimated. The gains raise hopes for a stronger economy in the second half of 2013. Stocks wobbled as investors worried that a rise in United States jobs figures meant the Federal Reserve would rein in its monetary stimulus sooner rather than later. Job growth was stronger than expected in June and the employment count for the prior two months was revised higher. The numbers show the economy is on solid ground and is likely keeping the Federal Reserve on track to scale back its massive monetary stimulus later this year. Employers added 195,000 new jobs to their payrolls last month, the Labor Department said, while the unemployment rate held steady at 7.6 percent as more people entered the workforce.

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