US Economy Still Struggling To Create Jobs, Unemployment Rate Remains At 8.2 Percent
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Source: MSNBC
The U.S. economy generated a paltry 80,000 jobs in June, showing that the nation’s job-creation machine is stumbling even as voters’ attitudes about the economy begin to gel ahead of the November election.
The unemployment rate is unchanged at 8.2 percent, the Labor Department reported Friday.
Job-creation has stumbled since March amid worries about consumer spending, the debt crisis in Europe and stagnation in Congress.
“There’s just not a lot of momentum in the economy,” said Sam Bullard, an economist at Wells Fargo in Charlotte, North Carolina.
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