Employers in the U.S. increased their hiring in July. The economy continued its up and down recovery heading towards the fall presidential election. The payrolls in the U.S. were increased by 163,000 during July, said a Labor Department report on Friday. However, the unemployment rates jumped up by one tenth of one percent to 8.3%.
Estimates by economists had the new jobs increase at 95,000 and the unemployment rate at 8.2%. These new numbers are an encouraging sign after three straight months of little job creation. However, the numbers still are not sufficient to decrease the rate of unemployment and new jobs remain must lower that the pace from the beginning of the year.
Democrats and Republicans both will seize on the numbers released on Friday. Mitt Romney the Republican challenger has repeatedly blamed President Obama for the economic problems in the country and said if he were elected he would institute policies that would jump start the economy recovery and help create new jobs.
May and June payroll figures both were revised with just a very small net effect. May payrolls were revised up by 87,000 and June increased 64,000.
The Department of Labor said on Friday private enterprise accounted for the entire payroll growth for July by adding 172,000 new jobs. The government shed over 9,000 jobs.
