(Read the full article here: Economy added 80,000 jobs in June, well below expectations)
The Bureau of Labor Statistics released June’s jobs report Friday morning, and the numbers were not encouraging: the U.S. economy added only 80,000 jobs last month, below what analysts had projected, and not enough to keep pace with population growth. June is now the third straight month of anemic job growth, following a winter that saw inflated hiring.
The unemployment rate remained at 8.2%, the same as May and up one notch from April’s 8.1%. The labor force participation rate stayed the same, after some mildly encouraging numbers last month that suggested more people were joining the labor force (which probably what kicked the rate up to 8.2%). The U6 rate, the real-world measure of unemployment, rose one-tenth of a percentile, to 14.9%.…Read more