Jobs data narrows gap as Obama and Romney seize on July report
The Labor Department says July added 163000 jobs and the unemployment rate rose to 8.3 percent. Obama framed this as steady growth with continued private sector hiring, while Romney called the results a hammer blow to the middle class and blamed Obama policies. He spoke at a Nevada site as Obama promoted tax cuts for the middle class.
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July Service Firms Grow Modestly In Expansion Despite Weak Spending
U S service companies employing 90 percent of Americans rose slightly in July with ISM non manufacturing index at 52.6 up from 52.1. Growth persists for 31st month though well below late 57.3 peak. Job gains improve as retailers report stronger results amid hot weather and clearance sales.
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