Official Government Labor Report Not So Encouraging
Despite ADP reporting yesterday that the economy added nearly 160,000 jobs in June, the official jobs report from the U.S. Department of Labor, released today, says that the economy grew by only 18,000 jobs, with private sector employment “changed little” over the month.
The unemployment rate rose by a tenth of a percent to 9.2 percent, the same report said.
The industries that did gain jobs included leisure and hospitality (+34,000), health care (+14,000), and professional and technical services (+24,000).
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