Weak Jobs Numbers May Hinder Recovery

Friday, July 08, 2011

Job creation came to a near standstill in the month of June. New statistics out this morning from the Department of Labor show the economy added a scant 18,000 jobs last month, pushing the unemployment rate up to 9.2 percent — the fewest new hires in nine months.

Two years after the official end of the worst recession since the Great Depression, the economy continues to struggle to add jobs, dimming hopes for a recovery.

Kelly Evans, Ahead of the Tape columnist for The Wall Street Journal, explains why these jobs numbers are so different from the ones predicted, and explains what impact they'll have on the economy.

Comments [1]

listener

The reason companies are sitting on cash is due the crippling uncertainty created by the current administration. Businesses large and and small need to be responsible and cannot not recklessly spend vastly more than it takes in like the government does. How long would a private business last if offered a farcical budget like the Obama did this year which was rejected 97-0 in the Democrat controlled US Senate which itself has not presented a budget in two years?

Jul. 08 2011 08:21 PM

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