Jobs Figure Devastating for Obama

Friday, 08 Jul 2011 11:01 AM
By Martin Gould

The Obama administration was hit with devastating employment figures on Friday that showed only 18,000 new jobs were added in June – 83 percent less than the projected figure.

It is the second month in a row that Labor Department figures for new jobs have been shockingly low. In May, they stood at just 25,000 new posts.

The result is that unemployment ticked up from 9.1 percent to 9.2, meaning 14.1 million Americans are looking for work. Of those, 44 percent have been out of work for six months or more.

The figures are even worse if “long-term discouraged workers,â€