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