The United States shed 125,000 jobs in June even as the unemployment rate edged down to 9.5 percent, the Bureau of Labor Statistics reported today.
The negative job growth can be blamed on the 225,000 Census workers who ended their temporary assignments in June, which would mean that private employment and non-temporary government jobs grew by 100,000 this month.
These gains are still far more modest than economists say are necessary to bring the country out of the recession; 14.6 million people are officially counted as unemployed and another 2.6 million are looking for work but can’t find it. Another eight and a half million workers were classified as “involuntary part-time workers,” those who wanted fulltime work but were only able to find something half-time.
All told, that makes 25 million unhappy Americans.
Temporary help services, historically a tracker of the larger job market, added a modest 21,000 jobs in June.