Jobs Report Dashes Recovery Optimism

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The unemployment rate jumped unexpectedly higher in June as U.S. job growth was virtually non-existent. Any hope that the economic recovery was temporarily scuffling seems to be crushed in lieu of a much more pessimistic view. The U.S. added just 18,000 nonfarm jobs last month, according to Labor Department data released Friday. It was the worst labor report in nine months.
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Posted In: News
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