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Fox News.com...
Unemployment
rate holds at 8.2 percent, with just 80,000 jobs added in June
Speaker of the
House John Boehner responds to the report
July 06, 2012
Graphic: Google images, published March 2011
Employers added a meager 80,000 jobs in June, marking the third
straight month of weak hiring and raising concern that the economy has
taken a turn for the worse.
The Labor Department reported Friday that the jobless rate was
unchanged at 8.2 percent. The number of jobs added in June was lower
than expected, and rounds out a poor second quarter for 2012.
The average number of monthly jobs created in the first quarter of the
year was 226,000 -- by contrast, that average in the second quarter was
just 75,000.
The number is sure to resonate on the presidential campaign trail, as
President Obama courts blue-collar voters in Ohio and Pennsylvania on
his first 2012 campaign bus tour Friday. The president took heat last
month for the worst jobs report in a year -- Friday’s report was only
modestly better, opening up heated criticism from Republicans.
“Today’s report shows the private sector clearly isn’t ‘doing fine’ and
that President Obama’s policies have failed,” House Speaker John
Boehner said in a statement, referring to Obama’s gaffe in which he
described private sector growth as “fine.”
(The rest of Boehner’s message below)
Obama is expected to speak about the jobs report later in the morning
Friday.
For the U.S. economy, the only good news came in the form of
incremental changes. The average work week grew to 34.5 hours from 34.4
in May, boosting many workers’ paychecks. And average hourly wages rose
6 cents to $23.50.
But on a whole, none of these changes are enough to fuel an economic
recovery. While professional and business services saw the best growth
in June, other industries like construction and hospitality saw almost
no change in June. In the second quarter of 2012, job growth has slowed
across almost every industry.
A weaker job market has made consumers less confident. They have pulled
back on spending, even though gas prices have plunged.
High unemployment could shift momentum to Mitt Romney, the presumptive
GOP presidential nominee. An Associated Press-GfK poll released last
month found that more than half of those surveyed disapproved of
President Barack Obama’s handling of the economy.
Dismal June job figures could also prompt the Federal Reserve to take
further action to try to boost the economy. The Fed last month
downgraded its economic outlook for 2012. It predicted growth of just
1.9 percent to 2.4 percent for the year and little change in the
unemployment rate.
Job gains in April and May were little changed from the department’s
previous estimates.
About one-third of the jobs gained in June were in temporary services.
Manufacturing added 11,000, its ninth straight month of gains. But
growth in factory jobs slowed sharply in the second quarter compared to
the first. Health care added 13,000 jobs and financial services gained
5,000. Retailers, transportation firms and government cut jobs.
The Associated Press contributed to this report.
Read this and other articles at Fox News.com
http://www.foxnews.com/politics/2012/07/06/employers-add-just-80000-jobs-in-june-unemployment-rate-stays-at-82-percent/
House Speaker John Boehner...
Congressman
Boehner Statement on June Unemployment Report
Jul 6, 2012
Washington-Congressman John Boehner (R-West Chester) released the
following statement this morning regarding the Department of Labor’s
unemployment report for June 2012:
“Today’s report shows the private sector clearly isn’t ‘doing fine’ and
that President Obama’s policies have failed. The president bet on a
failed ‘stimulus’ spending binge that led to 41 months of unemployment
above 8 percent. He bet on a government takeover of health care that’s
driving up costs and making it harder for small businesses to hire. He
even bet taxpayer dollars on companies like Solyndra while blocking
popular projects like Keystone XL that would create tens of thousands
of new American jobs.
“The president needs to stop betting on his failed policies and start
working with Republicans to remove government obstacles to job
creation. We’ve passed more than 30 jobs bills – he should call on
Senate Democrats to stop stalling them. Next week we’ll vote to fully
repeal the president’s health care law. And before the month is out,
we’ll vote on legislation to curtail excessive government regulations.
“The House will also act this month to boost economic growth and create
jobs by preventing the largest tax hike in history and providing a
fairer, simpler tax code that lowers rates and closes special interest
loopholes. This tax hike is scheduled to hit small businesses on
January 1, and is already casting a shadow over our economy that will
continue to grow until the president works with us to stop it. We won’t
wait to act.
“Republicans are listening to the American people and continuing to put
economic growth and job creation front and center. We need the
president and Senate Democrats to do the same.”
NOTE: Learn more about the Republican Plan for America’s Job Creators
at jobs.GOP.gov, and see the full list of House-passed jobs bills
blocked by Senate Democrats here.
Read this with links at Boehner’s web site
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