U.S. added a weak 80,000 jobs in June

U.S. employers added 80,000 jobs in June, a third straight month of weak hiring that shows the economy is struggling three years after the recession ended, the Associated Press reports this morning.

The Labor Department said Friday that the unemployment rate was unchanged at 8.2 percent.

The economy has added just 75,000 jobs a month in the April-June quarter. That’s one-third of 226,000 a month created in the first quarter. Job creation is also trailing last year’s pace through the first six months of 2012.

A weaker job market has made consumers less confident. They have pulled back on spending, even though gas prices have plunged.

Dismal June job figures could also prompt the Federal Reserve to take further action to try to boost the economy. The Fed last month downgraded its economic outlook for 2012. It predicted growth of just 1.9 percent to 2.4 percent for the year and little change in the unemployment rate.

About one-third of the jobs gained in June were in temporary services. Manufacturing added 11,000, its ninth straight month of gains. But growth in factory jobs slowed sharply in the second quarter compared to the first. Health care added 13,000 jobs and financial services gained 5,000. Retailers, transportation firms and government cut jobs.

8 comments Add your comment

Tyrone from East Point

July 6th, 2012
9:49 am

Obama is doing such a great job he is really cutting into the unemployment rate. Soon all Americas will have jobs!

manaii

July 6th, 2012
9:59 am

the unemployment rate was unchanged at 8.2 percent? YES!!! that means the economy must not be getting worse!! The plan is working!!! YES!!! 4 more years!!!

Ann Romney

July 6th, 2012
11:50 am

What is a “job”?

B. Obama

July 6th, 2012
12:18 pm

Ann, I have no idea what one is or how to create any. Barack.

MrLiberty

July 6th, 2012
1:39 pm

And just like EVERY other jobs report that has come out in the past 3 years, these numbers will be revised DOWN in a couple of weeks. Just check it out for yourselves. Keynesian economics doesn’t work. Both Obama and Romney support government spending to save the economy. It doesn’t work and never has. Last time around Goldman Sachs gave tons to Obama. This year the money is going to Romney. They are one in the same when it comes to the economy and freedom.

Ron Paul 2012. The GOP still has a chance to pick the right candidate for america when they convene in Tampa in August.

markie mark

July 6th, 2012
3:03 pm

give it up MrLiberty….aint gonna happen…the world is too small today for an isolationist….

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BS AK

July 6th, 2012
11:14 pm

as usual, blame bush! 4 more years!!