Unemployment edges up to 9.2 percent
Today’s Employment Situation Report showed that in June, net nonfarm payrolls increased only slightly rising just 18,000 from May while private nonfarm payrolls added a just 57,000 and the unemployment rate edged up to 9.2% over the same period.
Net private sector jobs increased just 0.05% since last month climbing 1.58% above the level seen a year ago but but remained a whopping 5.75% below the peak level of employment seen in December 2007.
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