The economy added 209k new jobs in June. This was well below last month when over 300k new jobs were added, and well below Wall Street expectations. Unfortunately that wasn’t all the bad news. 92K of those new jobs came from government, Federal and State. Without those new government jobs the economy added only 117k new jobs, fewer than the number need to replace those workers who retired, resigned, or passed away.
This was not a positive Job’s Report.
Take a look at the complete report here:
