125,000 Jobs Lost in June
Posted on July 2, 2010The June jobs report from the Bureau of Labor Statistics shows the country lost 125,000 jobs. The Labor Department says the losses were because 225,000 temporary census workers were no longer needed. These census workers helped the May jobs report look better than it really was.
The private sector created 83,000 jobs in June, which is more than the double the 33,000 added in May. The unemployment fell from 9.7 to 9.5%.
It is good to see the private sector jobs headed in the right direction, but the numbers are still not healthy. The economy should really be adding about 300,000 jobs each month.