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July jobs report: Hiring picks up, unemployment rises
By Annalyn Censky @CNNMoney August 3, 2012: 12:45 PM ET
NEW YORK (CNNMoney) -- Businesses stepped up their hiring in July, but the unemployment rate ticked higher anyway.
Employers said they added 163,000 jobs in the month, according to a Labor Department report released Friday, much better than the 95,000 jobs economists had forecast.
But at the same time, the unemployment rate unexpectedly rose to 8.3% as households claimed they lost 195,000 jobs.
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