America Breaking News: US Economy Adds 195K Jobs; Unemployment Remains at 7.6 Pct.

wochit news
July 05, 2013 AT 6:23 PM
U.S. employers are sending a message of confidence in the economy ? hiring more workers, raising pay and making the job market appear strong enough for the Federal Reserve to slow its bond purchases as early as September. The economy gained a robust 195,000 jobs in June and many more in April and May than previously thought. The unemployment rate remained 7.6 percent in June because more people started looking for jobs ? a healthy sign ? and some didn't find them. The Labor Department's report pointed to a U.S. job market that's showing surprising resilience in the face of tax increases, federal spending cuts and economic weakness overseas.