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The U.S. economy added 80,000 jobs in June -- well short of what experts say it will take to pull the country out of its employment slump. The euro and world markets fell on that news while London's banking scandal keeps spreading.

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U.S. unemployment remained stuck at 8.2 percent as only 80,000 jobs were added in June. But President Barack Obama assures the country the figures represent a “step in the right direction.”

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A measly 18,000 jobs were added to the US economy in June, far below expectations for a rise of close to 90,000, and the unemployment rate ticked up to 92 percent The numbers are a reality check (more).

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The US troop surge is topping out in terms of numbers -- and, unfortunately, the death toll for American forces and Iraqis is also climbing this month The BBC reports that 14 U soldiers were reported killed Wednesday and Thursday, and suicide bombings continued to claim lives elsewhere in the country.

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