U.S. employers add 162,000 jobs; rate falls to 7.4%

Job seekers attend Florida Rep. Janet Cruz's annual jobs fair at Higgins Hall at St. Lawrence Catholic Church in Tampa, Fla.
Job seekers attend Florida Rep. Janet Cruz's annual jobs fair at Higgins Hall at St. Lawrence Catholic Church in Tampa, Fla.

WASHINGTON — U.S. employers added 162,000 jobs in July, a modest increase and the fewest since March. Still, the unemployment rate fell to a 4½-year low of 7.4 percent, the Commerce Department said.

Unemployment declined from 7.6 percent in June because more Americans found jobs, and others stopped looking and were no longer counted as unemployed.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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