Uptick in unemployment rate in July, but stock market reacts positively to more new jobs than expected
The bad news and the good news are summarized HERE:
The U.S. economy closed out an otherwise weak second quarter by creating more jobs than expected, with 163,000 new positions added, but the unemployment rate rose to 8.3 percent.
Markets reacted positively to the announcement, with stock futures indicating gains at the Wall Street open. Economists had been expecting 100,000 new jobs.
The chart above offers a convenient glance at the jobs picture over the past four and a half years.