80,000 jobs added in June - KYTX CBS 19 Tyler Longview News Weather Sports

80,000 jobs added in June

Posted: Updated:

NEW YORK (CNNMoney) -- Hiring was lukewarm last month, with employers adding jobs but not enough to bring the unemployment rate down.

The economy added 80,000 jobs in June, the Labor Department reported Friday, barely an improvement from the 77,000 jobs added in May. The unemployment rate remained at 8.2%.

Economists surveyed by CNNMoney had expected to see employers add 95,000 jobs and the unemployment rate to remain unchanged.

The labor market has been volatile this year, with job growth starting off strong in the first couple months of 2012. Then a disappointing slowdown in the spring led many to wonder whether the recovery was taking a turn for the worse.

June's weak growth added to those fears. The economy needs at least 125,000 jobs added each month just to keep up with population growth.

"Today's report is the rotten cherry atop the half-baked economic news of the last few months," Chris Jones, economist with TD Bank said in a note.

Revisions from previous months also showed the economy gained 1,000 fewer jobs in April and May than originally thought.

Among the sectors adding jobs, manufacturers hired 14,000 workers, professional and business services added 47,000 jobs, and food services added 15,100 jobs.

Meanwhile, retailers slashed 5,400 jobs and the government cut 4,000 jobs.

Overall, the job market has a long way to go to climb out of the deep hole left by the financial crisis. Of the 8.8 million jobs lost, only about 3.8 million have been added back.

Roughly 12.7 million Americans remain unemployed, and 41.9% of them have been so for six months or more.

Another 88 million out-of-work people were not even counted as unemployed, because they didn't look for a job in the last four weeks.

  • Local News

  • Wednesday, May 22 2013 10:12 AM EDT2013-05-22 14:12:46 GMT
    On average someone gets arrested for public intoxication about once a night in the bigger cities of East Texas. But, does that mean they're all guilty of it?
    On average someone gets arrested for public intoxication about once a night in the bigger cities of East Texas. But, does that mean they're all guilty of it?
  • Wednesday, May 22 2013 10:09 AM EDT2013-05-22 14:09:15 GMT
    TYLER (KYTX) - Super Shredder Day kicks off at 8 a.m. Wednesday morning in the CBS19 parking lot. You can recycle all your unwanted papers and electronics. Of course, there are plenty of other items
    It takes about 200 years for one aluminum can to break down in a landfill. When you recycle your cans though, they can be melted down and made into anything that's aluminum.
  • Tuesday, May 21 2013 4:12 PM EDT2013-05-21 20:12:41 GMT
    (KCEN) -- Shocking numbers show since the 2009 Fort Hood shooting accused gunman Nidal Hasan has received $278,000 in pay from the Army. Under the Uniform Code of Military Justice, Hasan is still considered
    Shocking numbers show since the 2009 Fort Hood shooting accused gunman Nidal Hasan has received $278,000 in pay from the Army.
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2004 - 2013, WorldNow and KYTX, Owned and Operated by London Broadcasting Company.
All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.