Latest employment report /jobs report released at 8:30 AM July 2nd by the US Labor Department. Total nonfarm payroll employment decrease by 125,000 in June, and the unemployment rate bounded to 9.5 percent, the U.S. Bureau of Labor Statistics reported today. The decrease in payroll employment emulated a decrease -225,000 in the number of temporary employees working on Census 2010.
The employment report suggested the economy is not contracting, but no real growth required to generate new employment opportunities. The private sector has lowered the average hours of work, thereby reducing the income of employees.
