It is a sort of paradox – 163,000 new jobs were added in July-2012 which is certainly good news for Barack Obama. But - the unemployment figures did not reduce. In fact, it rose from 8.2% to 8.3%.
This has been reported in bbc.com of dated the 3rd of August 2012.
Such a situation has arisen because more people re-entered the workforce but failed to find a job.
Moreover, as per the US department of Labor, the number of jobs created fell short of projected figure by 6000.
Unless the US economy can generate at least 100,000 new jobs every month, the situation cannot improve.
For statistics, the total number of unemployed people was 12.8 million last month – it remains unchanged from that of June.
Incidentally, an extra 172,000 staff were hired in the private sector – this sort of took care of the shortfall of nearly 9000 in the government.
In the words of Alan Krueger, the White House chair of economic advisers, the private sector had been adding jobs regularly now for 29 months in a row – it has totaled to nearly 4.5 million.
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