The U.S. economy created just 80,000 jobs in June and the unemployment rate held steady at 8.2 percent, reflecting continued slow growth in the economy with the presidential election just four months away.On the positive side, the May numbers were increased to 77,000 new jobs.
The Bureau of Labor Statistics said private payrolls increased 84,000, while the government lost 4,000 jobs. Economists expected job growth of about 100,000 and the unemployment rate to be unchanged, though many had increased their forecasts based on some recent indicators.
With yet another month of weak employment growth, the second quarter marks the weakest three-month period in two years.
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80,000 new jobs in June, unemployment holds steady
The number of new jobs is still well above the Bush average, but still not enough to put a dent in unemployment. Imagine what would be possible if the GOP was more focused on helping to create jobs rather than obstructing?