Worst. Jobs. President. Ever… June Unemployment Climbs to 9.2%

Worst. President. Ever.
JUNE +18,000 JOBS…
April, May revised: -44,000…
Top Obama adviser says unemployment won’t be key in 2012…

The US unemployment rate climbed again last month to 9.2{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322}.
CNBC reported:

U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.

Nonfarm payrolls rose only 18,000, the weakest reading since September, the Labor Department said on Friday, well below economists’ expectations for a 90,000 rise.

Many economists raised their forecasts on Thursday after a stronger-than-expected reading on U.S. private hiring from payrolls processor ADP, and they expected gains of anywhere between 125,000 and 175,000.

The unemployment rate climbed to 9.2 percent, the highest since December, from 9.1 percent in May.

Obama continues to impress.

UPDATE: Willisms has the latest misery index. It’s not good.

Comments

As a privately owned web site, we reserve the right to edit or remove comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal/abusive attacks on other users. The same applies to trolling, the use of multiple aliases, or just generally being a jerk. Enforcement of this policy is at the sole discretion of the site administrators and repeat offenders may be blocked or permanently banned without warning