Payroll employment rises by 163,000 in July

(Aug. 3, 2012) -- Payroll employment for July 2012 increased by a solid 163,000, which was significantly stronger than the 100,000 expected, said Ferley. This result implied a private-sector gain of 172,000, which represented a marked improvement relative to the disappointing 73,000 gain in June and an average monthly increase for the second quarter of 2012 of 91,000.