Getting your player ready...
The American job machine has jammed. Again.
The economy added only 80,000 jobs in June, the government said Friday, erasing any doubt that the United States is in a summer slump for the third year in a row.
“Let’s just agree: This number stinks,” said Dan Greenhaus, chief global strategist at the investment firm BTIG.
It was the third consecutive month of weak job growth. From April through June, the economy produced an average of just 75,000 jobs a month, the weakest three months since August through October 2010.
The unemployment rate stayed at 8.2 percent – a recession-level figure, even though the Great Recession has technically been over for three years.
