The latest job figures were released today, and they show that “it’s still tough out there,” in the words of President Obama. Bad news for the American economy, today’s latest figures from the Labor Department show U.S. employers added only 80,000 jobs last month, about 10,000 short of economists predictions. It was the third month in a row of sluggish hiring, and the American unemployment rate remained at 8.2 percent. The low job numbers
...moreThe latest job figures were released today, and they show that “it’s still tough out there,” in the words of President Obama. Bad news for the American economy, today’s latest figures from the Labor Department show U.S. employers added only 80,000 jobs last month, about 10,000 short of economists predictions. It was the third month in a row of sluggish hiring, and the American unemployment rate remained at 8.2 percent. The low job numbers are bad news for a President imminently facing an election, with Republican rival Mitt Romney hastily arranging a news conference near his New Hampshire summer home to call the numbers “very disturbing.” The President, in turn, made a campaign stop in Ohio where he said, “we've gotta grow the economy faster.”
