1. EMPLOYMENT

    163,000 Jobs Added in July

    People meet with recruiters from jewelry and gem companies during the Gemological Institute of America (GIA)'s Jewelry Career Fair in New York July 30, 2012. A generous helping of key U.S. economic data is due this week, including June personal income and spending data, a July regional manufacturing report, the July consumer confidence index, nationwide surveys of manufacturing and non-manufacturing activity, the ADP report on private sector job growth and monthly employment figures, due Friday from the 
U.S. Labor Department. REUTERS/Shannon Stapleton (UNITED STATES - Tags: BUSINESS EMPLOYMENT SOCIETY WEALTH)

    Shannon Stapleton / Reuters

    The economy added 163,000 jobs in July, up from the revised 64,000 jobs added in June, the Bureau of Labor Statistics reported on Friday. The unemployment rate ticked up to 8.3 percent. Analysts had expected the unemployment rate to remain mostly flat at 8.2 percent and for non-farm payrolls to increase by 100,000 positions. The monthly number has become one of the most watched figures this campaign season, as President Obama and Mitt Romney have battled over who is better equipped to lead the nation’s economic recovery. European indices rose slightly on Friday morning in anticipation of the numbers, as did the Standard & Poor’s 500.

    Read it at Bureau of Labor Statistics