A key government measure on the nation's jobs situation reported today that the U.S. unemployment rate for June edged up to 9.2 percent. Job gains continued in professional and business services along with mining.
Over the past 2 months, job growth has slowed markedly. Employment rose by an average of 215,000 per month from February through April of this year, compared with an average of 22,000 for May and June.
Reacting to the report, House Republicans told reporters today that much of the blame falls on the Obama Administration. They also said that the report furthered their resolve not to include higher taxes as part of the debt talks.
President Obama said later this morning in the White House Rose Garden that the numbers confirm there’s a long way to go to get the economy back on track. He also said that the ongoing debt negotiations have the opportunity to help stabilize the economy.
The BLS surveys about 140,000 businesses and government agencies in order to provide industry figures on worker's employment, hours and earnings in the United States.