Unemployment Stuck At 8.2% As Hiring Lags In June

Non-farm payrolls expanded by just 80,000 jobs in June, falling short of forecasts

U.S. employers hired at a dismal pace in June, raising pressure on the Federal Reserve to do more to boost the economy and further imperiling President Barack Obama‘s chances of reelection in November.

The Labor Department said on Friday non-farm payrolls expanded by just 80,000 jobs in June, falling short of forecasts though a tad higher than a revised May reading of 77,000.

Job creation during the month wasn’t enough to bring down the country’s lofty 8.2 percent unemployment rate. The report appeared sure to fuel concerns that Europe’s debt crisis is shifting the U.S. economy into low gear.

Read more: http://www.mcall.com/business/chi-june-unemployment-20120706,0,6588228.story

One comment on “Unemployment Stuck At 8.2% As Hiring Lags In June

  1. In 2009,when lord,oh,I mean President Oblamer promised that unemployment would stay below 7% with ths stimulus bill,did you realy believe this guy?41 straight months of 8% plus unemployment.Under George W Bush,it was,at the hightest,6%.We also has gas at $1.84 on January 20,2009.
    On November 6th,2012,(if we are allowed to even vote)I plan on adding Mr Oblamer to that 8% plus unemployment.
    I highly encourage everyone to make sure Mr Oblamer is part of HIS 8% unemployment rate.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s