U.S. employers added 162,000 jobs in July, a modest increase and the fewest since March. The gain was still enough to help lower the unemployment rate to a 4 1/2-year low of 7.4 percent, a hopeful sign in an otherwise lackluster report.
The national unemployment rate now stands at 7.6 percent, but the Bureau of Labor Statistics also reports the official employment rate, which represents the percentage of adults who have a job, is holding steady at 58.6 percent.
Late last month, State Comptroller Matt Boxer released an audit that identified more than $23 million in benefit payments made to or on behalf of prison inmates who did not appear to be entitled to such payments.
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