July's Jobs Report: 'Goldilocks-esque'

209K jobs added, unemployment ticks up to 6.2%
By Evann Gastaldo,  Newser Staff
Posted Aug 1, 2014 7:48 AM CDT
July's Jobs Report: 'Goldilocks-esque'
In this Thursday, June 12, 2014 photo, people wait in line for the Cleveland Career Fair in Independence, Ohio.   (AP Photo/Tony Dejak)

Not much surprising news in today's jobs report: The economy added 209,000 jobs, when 230,000 had been expected, according to the Wall Street Journal; the unemployment rate ticked up to 6.2%, when it had been expected to remain 6.1%. Michael J. Casey sums things up in the Journal: "This is a good report for the market. Goldilocks-esque. Not too hot, not too cold," he writes, calling it "good enough." June's new jobs were also revised upward, from 288,000 to 298,000, and May's were revised from 224,000 to 229,000. This is the sixth consecutive month of 200,000 jobs or more being added, the first time that's happened since 1997, notes Steven Russolillo. (More US economy stories.)

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