Job Growth Numbers for June 2010
The unemployment rate fell to 9.5% in June, but there were 125,000 jobs lost, reflecting the release of 225,000 temporary U.S. Census Bureau workers. While the Obama Administration and Congressional Democrats will attempt to spin June's job numbers, they will have a hard time explaining why the number of long-term unemployment (those jobless for 27 weeks and over) was unchanged at 6.8 million and why private sector employment continuously fails to meet expectations, coming in around 7.9 million below its December 2007 level.
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