News

Economy adds 195K jobs, jobless rate 7.6 pct.

Economy adds 195K jobs, jobless rate 7.6 pct.

Photo: Associated Press

WASHINGTON (AP) — 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.

The Labor Department says the economy added 70,000 more jobs in May and April than initially reported.

The unemployment rate stayed at 7.6 percent because more people started looking for work. The government counts people as unemployed only if they are looking for work.

The economy has added an average of 202,000 jobs a month for the past six months, up from 180,000 in the previous six. That suggests businesses are growing more confident in the economy.

If the gains continue, the Federal Reserve might start to scale back its bond purchases before the year ends.

Recent Headlines

in Local

Illinois Tollway Expects Spike in Holiday Traffic

Fresh
IL Tollways

Free coffee will also be available at tollway oases.

in Local

Quinn Signs Bill to Pay Jurors More in Illinois

Fresh
Governor Quinn Signs Historic Pension Reform

Quinn signs bill to increase daily pay for those who serve jury duty in Illinois.

in Local

Central Illinois Food Bank Says Need is Great All Year Long

foodbank

Executive Director Pam Molitoris says need remains great the entire year.

in Local

T-Mobile Customers May Be Eligible for Refunds

local_news_generic

Court ruling says cellphone company illegally charged customers