Unemployment Rises To 9.2%; 18K Jobs Gained In June
U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dousing hopes the economy would regain momentum in the second half of the year. Nonfarm payrolls rose only 18,000, the weakest reading since September, the Labor Department said on Friday, well below economists' expectations for a 90,000 rise.
Revisions to April and May also were negative - "The government revised April and May payrolls to show 44,000 fewer jobs created than previously reported." What to do? Slash government spending of course. We are f*cked.
Speaking for me only
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