Weak Labor Report Fans Fears

From online.WSJ.com:

U.S. employers added 80,000 jobs in June, barely better than the 77,000 they added in May. The monthly report from the Labor Department provided the clearest evidence yet that job growth has slowed sharply from earlier this year. The U.S. gained just 225,000 jobs in the past three months combined, making it the weakest quarter of job growth since the labor market began to recover in 2010. The unemployment rate remained stuck at 8.2%.

The report echoes recent data that suggest the U.S. economy is losing steam. This week, the Institute for Supply Management said the manufacturing sector contracted in June for the first time since the first month of the recovery in July 2009. ...


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Link: http://online.wsj.com/article/SB10001424052702303962304577510461710030258.html