US companies hire 163,000 in July
FG_AUTHORS: Super User
3 August 2012
Last updated at13:38
US firms hired an extra 163,000 workers in July according to official figures, beating economists' forecasts.
The unemployment rate rose from 8.2% to 8.3% last month as more people re-entered the workforce but failed to find a job.
The US Department of Labor also said 6,000 fewer jobs were created in May and June than first estimated.
The US economy has to generate 100,000 new jobs a month just to stand still, according to the Federal Reserve.
