Obama Disaster Update: 473,000 Jobs Lost In June
The US economy lost 598,000 jobs in January.
The US economy lost 706,000 jobs in February.
The US economy lost 742,000 jobs in March.
The US economy lost 545,000 jobs in April.
The US economy lost 485,000 jobs in May.
(May’s numbers were adjusted after it was initially reported that 345,000 jobs were lost.)
And, in June the US lost another 473,000 jobs.
U.S. private sector job cuts fell in June to their lowest in eight months, but they still came in more than expected and the economy may be on track to lose another one million workers by year-end.
Private employers cut 473,000 jobs in June, down from 485,000 in May, according to a report by ADP Employer Services published on Wednesday. Economists surveyed by Reuters had expected 393,000 private-sector job cuts in June.
Though June’s loss was the smallest ADP had reported since October 2008, the surprisingly large number of cuts dealt a setback to those expecting the U.S. economy to recover soon.
But don’t worry… The state-run media says the Obama economy is roaring back.