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June Gloom in the Job Picture

Posted on Jul 2, 2010
AP / Mark Lennihan

A woman scans job postings at the New York State Department of Labor.

June’s private-sector employment growth was less than stellar, with a “dishearteningly low number” of jobs being added to domestic payrolls in a signal that the economic recovery is encountering some serious headwinds. —JCL.

The New York Times:

The United States added just 83,000 private-sector jobs in June, a dishearteningly low number that could add to the growing number of economists who warn that the economic recovery has slowed to the point that it cannot generate enough job growth.

Over all, the nation lost 125,000 jobs, according to the monthly snapshot of the job market released by the Labor Department on Friday. Most of the lost jobs came as temporary workers hired by the federal government for the 2010 Census exited their jobs. The unemployment rate, based on a different survey, declined to 9.5 percent in June from the previous 9.7 percent. This decline came only because the nation’s labor force shrank by 652,000 jobs.

Just as last month’s government job report appeared deceptively robust, swollen by 411,000 workers hired by the federal government to help with the Census, so the June report appears deceptively anemic, as the government shed many of those same temporary Census workers.

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PatrickHenry's avatar

By PatrickHenry, July 2, 2010 at 5:48 pm Link to this comment

Outsourcing continues, Whirlpool packed up and left for Mexico recently.

We need the young entrepreneurs in America to think green and domestic.

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Peter Knopfler's avatar

By Peter Knopfler, July 2, 2010 at 3:25 pm Link to this comment

No JOBS NO WHERE IN THE USA> THIS purposefull lack of
employment is suppose to create a economic draft where
all are young people have only the military option. To
cover 700 bases world/wide takes a lot of manpower.
Keeping the unemployed, homeless, jobless, keeping them
in line will take more Police recruits. All this is
done on purpose to control the armed Americans. Food
for GUNS kill the 2nd ammendment/ Kagan style, no
freedom of expression, like Back in the USSR! Does not
matter who you are, back in the USSR!

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