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You are here: Home / Archives for economic recovery

economic recovery

Unemployment Rate Falls, but Momentum Weak in Job Market

July 30, 2010 by Tim McMahon

By Neil Irwin–
Washington Post.com


The nation’s unemployment rate fell in June, though hiring by the private sector remained soft, according to a government report Friday. The figures suggest the economic recovery is moving forward this summer, but with weak momentum in the job market.

The jobless rate was 9.5 percent last month, down from 9.7 percent in May, a surprising decrease that came as hundreds of thousands of workers dropped out of the labor force. Private employers added 83,000 jobs in June, more than double the rate in May but still below the six-figure job creation numbers that would suggest a strong recovery in employment.

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Filed Under: Unemployment Tagged With: economic recovery, hiring, unemployment

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