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Jobs Market Barely Budges in June as Hiring Stays Weak

Posted By admin On June 30, 2010 @ 8:10 am In Money Watch | Comments Disabled

Reuters [1]
June 30, 2010

U.S. private employers added just 13,000 jobs in June, according to a report published Wednesday that suggested expectations of a big drop in the government’s upcoming nonfarm payrolls report were on target.

The ADP Employer Services report also said May’s gain was revised marginally higher to 57,000 from the original estimate of 55,000.

That revision was basically the only good news, however, in a report that under-shot expectations of a rise of 60,000 private-sector jobs in June.

It also supported fears that the short and tepid recovery from the worst recession since the 1930s was fizzling.

Full article here [1]

Jobs Market Barely Budges in June as Hiring Stays Weak 150410banner7 [2]


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URLs in this post:

[1] Reuters: http://www.cnbc.com/id/38013729

[2] Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502

[3] US private sector sheds 473,000 more jobs in June: http://www.prisonplanet.com/us-private-sector-sheds-473000-more-jobs-in-june.html

[4] After weak jobs report, 4 more chances for Obama to show economic growth: http://www.prisonplanet.com/after-weak-june-jobs-report-obama-has-4.html

[5] Warning Signs: FedEx To Slash Thousands of Jobs Citing “Weak Global Economic Conditions”: http://www.prisonplanet.com/warning-signs-fedex-to-slash-thousands-of-jobs-citing-%e2%80%9cweak-global-economic-conditions%e2%80%9d.html

[6] Real Jobs, Fake Jobs: http://www.prisonplanet.com/real-jobs-fake-jobs.html

[7] Top Fed Official Warns Jobs Will Be Scarce As ‘Paradigm Shift’ Slows Hiring: http://www.prisonplanet.com/top-fed-official-warns-jobs-will-be-scarce-as-paradigm-shift-slows-hiring.html

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