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

You are here: Blog / Employment Grinds 'to a Halt' -- Jobless Rate Ticks Up to 9.2 Percent

Hot Topics:

9:15 AM, Jul 8, 2011 • By MARK HEMINGWAY

Single Page Print Larger Text Smaller Text Alerts

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.

« Previous Post

Article TAGS:

Economy, Jobs, Unemployment

Browse 15 Years of the Weekly Standard

America Plods Forward, Much of the World Slows

Dewhurst Ad: The Liberal Tom Leppert

'Vastly Overrated'

The Jobs Crisis in One Simple Chart

Conservative Intelligence
Satirical Wit
Foreign Policy Insight
Sophisticated Perspective

Ethan Epstien, in a New York System state of mind

A Parody

From the Scrapbook

From The Scrapbook

Should Romney Retrench on Gay Marriage?
Crucified by Government

Washington plays by TSA rules.
No Spin Zone

Reflections from the thinking man’s knuckleballer.
‘On My Behalf’

Really?
Action in Character

A film without pretension about warriors as heroes.
Birth of a Nation

With American evangelicals on the ground in South Sudan.
Will Gay Marriage Hurt Obama with African Americans?
Our Age of Anxiety

Romney’s challenge is to address the deep uneasiness in America and point the way to a comeback.
Big Wheels

The American and his/her car.
Two Cheers For Morsi