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Weak Monthly Jobs Report Missing Expectations

Financial News Network
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July 10, 2012 AT 9:20 PM
The Labor Department's jobs report not so good for the month of June. Employers added 80,000 jobs on an unchanged unemployment rate of 8.2%. This is higher than May's report of a revised 77,000 jobs added but was below the expected 90,000. This is not good in terms of jobs growth for the country. This number shows employment has slowed in the second quarter, something that isn't helpful in terms of keeping the economy healthy. The biggest gains in June came from private services which added 47,000 jobs and healthcare which added 13,000.