The unemployment numbers in May were bad, but June showed no improvement, according to the jobs report released this morning. Just 80,000 jobs were added last month (economists expected 95,000 on the lower end of estimates), keeping the unemployment rate unchanged, via BLS.gov:
Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today. Professional and business services added jobs, and employment in other major industries changed little over the month.
The number of unemployed persons (12.7 million) was essentially unchanged in June, and the unemployment rate held at 8.2 percent. (See table A-1.)
Economists had revised their initial estimates yesterday after some encouraging indications from ADP. The Wall Street Journal reported that the late estimate for June was around 100,000 new jobs — but obviously the reality fell far short.
The dismal numbers come as President Obama wraps up his jobs tour in the Rust Belt:
U.S. President Barack Obama is facing the release of a potentially weak jobs report from June as he wraps up a two-day campaign bus tour in Ohio and Pennsylvania Friday. …
Ohio and Pennsylvania are two crucial states in the November general election, both of which Mr. Obama carried in the 2008 election. The president is using the campaign swing to portray himself more like a champion of average, working-class Americans than his presumptive Republican opponent, Mitt Romney, a wealthy businessman before entering politics.
After last month’s jobs report, Obama lost ground in states like Michigan and Ohio, which means the numbers released today could counteract any benefit gained from his jobs tour this week.