Today's job report was, to put it simply, plain ugly.
Nonfarm payroll employment was essentially unchanged in June (+18,000), and the unemployment rate was little changed at 9.2 percent, the U.S. Bureau of Labor
Statistics reported today. Employment in most major private-sector industries changed little over the month. Government employment continued to trend down.
But there really is more to the story
More info here:
http://www.bls.gov/...
http://www.bls.gov/...