The unemployment rate is still 8.2% with the second quarter marking the weakest three-month period in two years. Case closed.
Via Politico 44:
The White House took an optimistic view of the June jobs report on Friday, saying that overall unemployment is down nearly one percentage point over the past year.
“The economy has now added private sector jobs for 28 straight months, for a total of 4.4 million payroll jobs during that period,” Alan Krueger, chairman of the Council of Economic Advisers, wrote in a statement. “Employment is growing but it is not growing fast enough given the jobs deficit caused by the deep recession.”
The jobs report showed the unemployment rate remained unchanged at 8.2 percent in June, while the economy added 80,000 jobs, roughly the same as in May.