Economy Added 163K Jobs in July, but Rate Rose to 8.3%
July's hiring was the best since February. Still, the economy has added an average of 151,000 jobs a month this year — enough to keep up with population growth but not enough to drive down the unemployment rate.
GDP Grew 2.2% in Q1: Commerce Department
The GDP result, while showing slower growth than last quarter, suggests that the economy will continue to expand, slowly but steadily.