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.
The government's monthly jobs report comes from two separate surveys: one that looks at company payrolls, and the other that questions households. Those two reports went in opposite directions in July, confusing the overall reading on the job market.
According to the employer survey, the public sector continues to be a drag on overall hiring. The government cut 9,000 jobs in the month, while private businesses added 172,000 jobs.FULL STORY