June Jobs Report: Unemployment Rate Up to 9.2 Percent With Only 18,000 Added Jobs

The Labor Department's employment report, released this morning, showed the unemployment rate ticked up to 9.2 percent, with employers adding only 18,000 jobs in June, well below economists' expectations of 110,000 jobs. The May unemployment rate hit 9.1 percent, after nonfarm payroll employment grew by a modest 54,000 jobs -- which the Labor Department revised down to 25,000 -- well below the 165,000 jobs economists expected to be added. President Obama reacted to the miserable job numbers...Full Story
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