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July 8th, 2011
08:37 AM ET
Economy adds just 18,000 jobs in June
The U.S. economy added only 18,000 jobs in June, the government reported Friday, a much worse performance than most economists expected. The unemployment rate went up to 9.2%.
READ FULL CNNMONEY.COM STORY
On Twitter
Xi says China and Russia "share similar goals" and Putin says he plans to discuss Beijing's Ukraine proposals as thâ€twitter.com/i/web/status/1…6b
The owners of Credit Suisse's $17 billion worth of "additional tier one" -- or AT1 -- bonds will receive no payoutâ€twitter.com/i/web/status/1…ks
For the second time in the race’s history, a record three athletes have completed the grueling Barkley Marathons, atwitter.com/i/web/status/1…jgsQ
An American aid worker who was kidnapped in Niger more than six years ago and held hostage by terrorists has been râ€twitter.com/i/web/status/1…4n
Customs officers at the Detroit Metropolitan Airport made an unusual – and potentially dangerous – discovery in atwitter.com/i/web/status/1…4ANtD8
On Twitter
Xi says China and Russia "share similar goals" and Putin says he plans to discuss Beijing's Ukraine proposals as thâ€twitter.com/i/web/status/1…6b
The owners of Credit Suisse's $17 billion worth of "additional tier one" -- or AT1 -- bonds will receive no payoutâ€twitter.com/i/web/status/1…ks
For the second time in the race’s history, a record three athletes have completed the grueling Barkley Marathons, atwitter.com/i/web/status/1…jgsQ
An American aid worker who was kidnapped in Niger more than six years ago and held hostage by terrorists has been râ€twitter.com/i/web/status/1…4n
Customs officers at the Detroit Metropolitan Airport made an unusual – and potentially dangerous – discovery in atwitter.com/i/web/status/1…4ANtD8
@cnnbrk on Twitter
At what point are we going stop with calling everyone a socialist and start raising tariffs. We need help, anything short of doing everything possible is treason.
17999 were jobs at new walmarts...
I am so sick of commentators, reporters, and all media sources talking about how the "private" sector isn't confident enough to hire anyone....that is such BS...! What possible reason can they have for not hiring other than a political one...most of them are conservative-minded anyway...I have lived a few decades and it almost always seem to me that the "private" sector always seem hesitant to hire when a Democratic leader is in office! Let's stop the party politics and get America back on it's feet before it's too late!
Paul, those new tariffs will put 18000 shipping and dock workers out of work.
so we should let china make every thing so we can have more dock working jobs at the walmart shipping/recieving area?
If people don't have jobs to buy crap being shipped in those jobs are gone anyways
Our moron in chief has failed to address outsourcing. The Congress has failed to address outsourcing. They don't care because they are wealthy, and they got wealthy by helping companies maximize profits from overseas manufacturing that skirts environmental regulation, taxes, and that pesky minimum wage. Then they have the audacity to make it political or blame the American worker that can't pay his/her mortgage on $9 an hour. Oh yeah and gas has been around $4 a gallon, but that's your fault too for wanting to go to work or not be stuck home all the time.
Most of all Blah blah blah, those idiots on Capitol Hill failed to mention all these useless, expensive and unnecessary wars that we're fighting overseas, slaughtering people like pigs in a pen day after day!!!
Everytime I see our beloved president it sets my loins aquiver. I am also sweet on Justin Bieber.
18,000 jobs is growth! I knew we are getting back on track! It just makes my weiner feel all tingly.
Another dirty minded Tea Partier here, I presume.
Wow. We just had a nationwide census that clearly shows that we need to create over 100,000 jobs per mo. just to break-even and an 18K makes headlines. Fo figure. No. Really. Go figure population growth and how many jobs it takes to keep up with it. You won't even need a calculator if you passed 6th grade math.
"The unemployment rate went up to 9.2%."
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keep buying stuff made in china...and mexico..and etc...
@Blah Blah: I completely agree. How are people supposed to buy extras when the little money they are making is tied up in their housing, food and gas tank. The rich will reap what they sew. Eventually the economy will crumble and it will be open season on those that led us there.
obama=liar... where's all our solarpanel factories? i thought we were going to go green..
@Ruff: He went green. Money green.
@Ruffnutt: I challenge you to look at the tag on your clothing, or even the phone or computer.. Where were they made? The problem is that we don't make anything here and that's up to the congress to fix, otherwise we'd all be naked and we'd have to go back to pay phones. Tax the dung out of outsourcing companies and make it cost more to outsource.
your right.. but it is hard to find things like a cell phone that is made in usa... as far as i know, there isn't a single tv made in the usa anymore..
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makes me want to cry.
@Ruff: That's my point. I'm tired of Walmart being the scapegoat, when they are the retailer, not the manufacturer. If people are gobbling up TVs, cell phones, and cheap chinese made hardwood flooring then they are going to put it on their shelves. The consumer cannot afford such goodies if they have no job that pays them enough to afford them. We should tax the bad companies that outsource and provide tax relief to those who take care of the home team. Consumers are trapped and cannot choose not to buy foreign. It is sad, but it changes in Washington not in the stores. Why can't the clothing designers that enjoy America's way of life have their products made here? It's not like they are selling Nikes at cheap prices anyways. They will still charge us top dollar either way.
In unrelated news, 90,000 jobs to be made available by Meglomart in Dumpwater, India.
Doesn't help when corporations make record profits year after year while wages stay the same for THIRTY years.
The last U.S. t.v. manufacturer packed up a few years ago. Is relly sad. BTW whatever happened to Walmart's "We buy American" campaign. Must've died with Sam.
they gave into the "dark-green side of the force" and embraced it...
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