Weak jobs numbers may hinder recovery
Job creation came to a near standstill in the month of June. New statistics out this morning from the Department of Labor show the economy added a scant 18,000 jobs last month, pushing the unemployment rate up to 9.2 percent – the fewest new hires in nine months. Two years after the official end of the worst recession since the Great Depression, the economy continues to struggle to add jobs, dimming hopes for a recovery.
Kelly Evans, Ahead of the Tape columnist for The Wall Street Journal, explains why these jobs numbers are so different from the ones predicted, and explains what impact they’ll have on the economy.
The story you just read is not locked behind a paywall because listeners and readers like you generously support our nonprofit newsroom. If you’ve been thinking about making a donation, this is the best time to do it. Your support will get our fundraiser off to a solid start and help keep our newsroom on strong footing. If you believe in our work, will you give today? We need your help now more than ever!