Republican Mitt Romney has had a tough week, but the next 24 hours will belong to President Barack Obama. From the Associated Press:
U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is still struggling three years after the recession ended.
The unemployment rate was unchanged at 8.2 percent, the Labor Department said in its report Friday.
The economy added an average of just 75,000 jobs a month in the April-June quarter. That’s one-third of the 226,000 a month created in the first quarter. Through the first six months of the year, job creation is also trailing last year’s pace.
“It’s a disappointing report,” said George Mokrzan, director of economics at Huntington National Bank in Columbus, Ohio. He said the job gains are consistent with sluggish economic growth.
***
Atlanta Mayor Kasim Reed will be at the White House on Friday when President Barack Obama signs that bipartisan legislation that reauthorizes
Continue reading Your morning jolt: 80,000 jobs in June makes for a presidential contest »
