• Trouble For Obama? Unemployment Rises Again

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    The U.S. economy took another hit, as the national unemployment rate rose from 9.1 to 9.2 percent, the Department of Labor said Friday.

    Additionally, the economy added only 18,000 jobs in June, with 14.1 million people out of work, a slight increase from the 13.9 million unemployed Americans reported in May.

    Black unemployment stayed at 16.2 percent, which is the second highest rate since Obama took office. In August 2010, the Black unemployment rate was 16.3 percent.

    The NY Times Reports:

    The numbers showed the continuing challenges of adding jobs to the economy even at a rate that keeps pace with population growth, two years after the official end of the longest economic downturn since the Great Depression.

    Friday’s report showed that 39,000 government jobs were cut in June. The previous month, 28,000 local government and 2,000 state jobs were cut, as states and towns dealt with tighter budgets.

    Read More At NYTimes.com

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