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Politics

Only 18,000 Jobs Added in June, Less Than One Fifth of Analyst Estimates

July 8, 2011

The U.S. economy added 18,000 jobs in June, less than one-fifth of consensus estimates. Unemployment changed slightly to 9.2 percent, the Labor Department reported.

The consensus estimate, which was upwardly revised following a strong ADP National Employment Report on Thursday, was for a net job gain around 110,000 and a slight dip in the unemployment rate to 9.0 percent. The economy added 54,000 jobs in May.

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