Fri July 8, 2011
Only 18,000 Jobs Added In June, Jobless Rate Edged Up To 9.2 Percent
The nation's unemployment rate ticked up to 9.2 percent in June from 9.1 percent the month before as businesses and government agencies added only 18,000 jobs to their payrolls, the Bureau of Labor Statistics just reported.
Both figures are well below the already modest pre-report forecasts from economists.
We'll add more details from the report shortly.
President Obama is scheduled to make a statement about the news at 10:35 a.m. ET, the White House says.
Update at 8:40 a.m. ET. More Details:
-- The number of Americans classified as unemployed rose to 14.1 million from 13.9 million in May.
-- Private employers added 57,000 jobs to their payrolls. A decline of 39,000 at government agencies pulled the overall figure down to +18,000.