Unemployment rate rose to 9.2 percent as hiring stalls

Townhall.com Staff
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Posted: Jul 08, 2011 9:37 AM
WASHINGTON (AP) — Hiring slowed to a near-standstill last month. Employers added the fewest jobs in nine months and the unemployment rate rose to 9.2 percent.

The Labor Department said Friday that the economy generated only 18,000 net jobs in June. And the number of jobs added in May was revised down to 25,000.