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Employment Grinds 'to a Halt' -- Jobless Rate Ticks Up to 9.2 Percent

9:15 AM, Jul 8, 2011 • By MARK HEMINGWAY
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The latest jobs numbers arrived this morning and are especially devastating -- the number of jobs added was the lowest in nine months:

U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.

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.

Many economists raised their forecasts on Thursday after a stronger-than-expected reading on U.S. private hiring from payrolls processor ADP, and they expected gains of anywhere between 125,000 and 175,000.

On Wednesday, Obama campaign manager David Plouffe that "people won’t vote in 2012 based on the unemployment rate." Given that nearly one in 10 voters are unemployed, that seems both tone deaf to their sufferring and wildly unrealistic.

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