The America hater and racist Obumbler must be kicked out to save our country:
Jobs barely rise, dousing hopes of revival
By Lucia Mutikani
WASHINGTON (Reuters) - U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dousing hopes the economy would regain momentum in the second half of the year.
Nonfarm payrolls rose only 18,000, the weakest reading since September, the Labor Department said on Friday, well below economists' expectations for a 90,000 rise.
The unemployment rate climbed to a six-month high of 9.2 percent, even as jobseekers left the labor force in droves, from 9.1 percent in May.
"The message on the economy is ongoing stagnation," said Pierre Ellis, senior economist at Decision economics in New York. "Income growth is marginal so there's no indication of momentum.
U.S. stock index futures fell sharply on the data, while U.S. bond prices rose. The dollar rose against the euro.
The government revised April and May payrolls to show 44,000 fewer jobs created than previously reported.
The report shattered expectations the economy was starting to accelerate after a soft patch in the first half of the year. It could prompt calls for the Federal Reserve to consider further action to help the economy, but Fed officials have set a high bar.
read more:
