Poor Jobs Numbers Add Urgency To Budget Talks
It turns out that was no bump in the road the economy hit this spring. It was more like a concrete jersey barrier.
Hiring came to a near standstill last month, with paltry gains in the private sector almost completely offset by layoffs in the government. A report from the Labor Department shows employers added just 18,000 jobs in June. That’s even worse than the dismal numbers from the month before. Meanwhile, the unemployment rate ratcheted up to 9.2 percent.
There wasn’t a scrap of good
Hiring came to a near standstill last month, with paltry gains in the private sector almost completely offset by layoffs in the government. A report from the Labor Department shows employers added just 18,000 jobs in June. That’s even worse than the dismal numbers from the month before. Meanwhile, the unemployment rate ratcheted up to 9.2 percent.
There wasn’t a scrap of good
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