Economy

August 3, 2012 - 7:35 PM
In this Aug. 2, 2012 photo, ironworker Stephen MacGray cuts a steel brace at the World Trade Center construction site, in New York. U.S. employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring. The Labor Department said Friday, Aug. 3, 2012, that the unemployment rate rose to 8.3 percent from 8.2 percent in June. July's hiring was the best since February. Still, the economy has added an average of 151,000 jobs a month this year, roughly the same as last year's pace. That's not enough to satisfy the 12.8 million Americans who are unemployed. (AP Photo/Mark Lennihan)