US total unemployment increased to 12.2 percent in July, according to Bureau of Labor Statistics. The traditionally-reported unemployment rate also rose to 6.2 percent.
The US economy added 209,000 jobs in July, fewer than analysts expected, and the unemployment rate ticked up to 6.2 percent. The July jobs report marked the sixth straight month of more than 200,000 added jobs, but their are signs that growth might be slowing.
Pending home sales in the US declined 1.1 percent in June, according to the National Association of Realtors. There are conditions that deter potential buyers, such as a shortage of homes in parts of the country.
National economic activity weakened in June, according to the Chicago Federal Reserve National Activity Index. The Chicago Federal Reserve's index used 85 indicators of national economic activity in four overall categories.
US retail sales rose 0.2 in June from May and are up 4.3 percent since last year, according tot he US Census Bureau. Sales of nominal 'discretionary items' such as home furnishings and consumers fell from May's levels but are higher compared to last year.
US ratepayers will pay 3 percent more for electricity this year – the biggest increase since 2008, according to US government projections. The higher prices come after a harsh winter that strained the Northeast's grid and boosted natural gas demand.