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(AURN) -- New federal government job stats released today shows Black unemployment dipped over a point in July -- down to 12.6% from 13.7% in June. That's still nearly double the overall unemployment rate which also dropped to 7.4% from 7.6% in June.
Commerce Department officials say 162,000 were added to the economy last month, mostly due to hiring in retail trade, food services and drinking places. Financial activities, and wholesale trade also attributed to the decline.
Officials also say fewer jobs were added in the previous two months than earlier estimated. Americans worked fewer hours and their pay dipped. The figures suggest weak economic growth may be making businesses cautious about hiring.
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