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July 06, 2012

June Jobs Report Unexpectedly! Worse Than Lowered Expectations

The experts who constantly guess wrong thought we'd create 90,000 jobs in June. We created 80,000.

Unemployment rate holds at 8.2%. Jim Pethokoukis calculated that the headline rate would be 10.9% if the labor force participation rate from January 2009 (Obama's inauguration) had held constant. Also, the broader U-6 rate ticked up a little to 14.9%.

So as you can see, Recovery Summer III is well underway.

[Update] @politicalmath created this interesting heat map of employment by industry.


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posted by Andy at 08:38 AM

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