Gain in Payrolls Probably Failed to Reduce U.S. Unemployment

The pace of hiring in July probably failed to reduce the U.S. jobless rate, which has been stuck above 8 percent for more than three years, economists said before a report today.

Payrolls climbed by 100,000 workers following an 80,000 increase in June, according to the median forecast of 89 economists surveyed by Bloomberg News. The jobless rate was 8.2 percent for a third consecutive month, the figures may show.