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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
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.
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URLs in this post:
 Reuters: http://www.cnbc.com/id/38013729
 Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502
 US private sector sheds 473,000 more jobs in June: http://www.prisonplanet.com/us-private-sector-sheds-473000-more-jobs-in-june.html
 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
 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
 Real Jobs, Fake Jobs: http://www.prisonplanet.com/real-jobs-fake-jobs.html
 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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