Private Hires Up 71,000; Jobless Rate 9.5 Percent

August 6, 2010

Private employers hired workers at a weak pace for the third straight month, making it likely that economic growth will slow further in the coming months. The jobless rate was unchanged at 9.5 percent.

Companies added a net total of 71,000 jobs in July, far below the roughly 200,000 needed each month to reduce the unemployment rate.

Overall, the economy lost a net total of 131,000 jobs last month, the Labor Department said Friday, mostly because 143,000 temporary census jobs ended.

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