No good news to report - the unemployment rate didn’t budge from the 8.2 percent rate it reached last month. The Labor Department put the number of jobs added to the economy at 80,000, a minor improvement from May’s 77,000 figure. At this rate, the numbers aren’t even keeping up with demographics. At least 125,000 jobs must be added each month to keep up with population growth.
So, what this means is that about 12.7 million Americans remain unemployed. Even more disconcerting though is that another 88 million are in the same boat but are not counted because they’ve given up looking.
Business Insider notes:
Adding further pressure to President Obama heading into the election, Hispanic and Latino unemployment remained essentially unchanged at 11.0 percent.
The unemployment rate for white men and women was unchanged at 7.4 percent, while 184,000 more black American's went without a job in June, for an unemployment rate of 14.4 percent.
RNC Chair Reince Priebus had this to say:
"Once again, the monthly jobs report brings devastating news for the millions of Americans looking for work. The Obama economy is defined by chronically high unemployment. Our country is coming out of the worst quarter of job creation in two years. ObamaCare and President Obama's other policies simply are not working and disappointed Americans are ready for a new direction," said RNC Chairman Reince Priebus.
"After taking office, President Obama promised he would fix the economy in three years or face a 'one-term proposition.' While the president believes 'the private sector is doing fine,' the rest of the country knows we are not 'doing fine' at all. We cannot afford another term of this president because we cannot endure four more years of painfully high joblessness.
"Gov. Mitt Romney is uniquely qualified to provide the leadership our economy needs. With his successful record in business, at the Olympics, and in Massachusetts, he has a proven track record. It's time to accept President Obama's offer of a 'one-term proposition,' send Mitt Romney to the White House, and finally get America working again."
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