US employers add 209K jobs, rate rises to 6.2 pct.

This April 22, 2014 photo shows an employment application form sits on a table during a job fair at Columbia-Greene Community College in Hudson, N.Y. The Labor Department releases employment data for April on Friday, May 2, 2014. (AP Photo/Mike Groll)

WASHINGTON (AP) — U.S. employers extended this year’s hiring surge into July by adding a solid 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are shedding the caution that had marked the 5-year-old economic recovery.

The unemployment rate ticked up to 6.2 percent from 6.1 percent as more Americans started looking for work. Not all found jobs, but the increase suggests that they are more optimistic about their prospects. The jobless aren’t counted as unemployed unless they are actively seeking employment.

Average job gains over the past six months reached 244,000 in July, the best such average in eight years.

Still, the employment growth may raise alarms for investors, some of whom fear the Federal Reserve might increase short-term interest rates sooner than expected.

KXAN.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s