The June jobs report is out and it's not good. But is it all doom and gloom?
Daniel Gross the Economics Editor for Yahoo! Finance and Jim Bianco, President, Bianco Research come OutFront.
June jobs report: Hiring weak, unemployment unchanged
Hiring was lukewarm last month, with employers adding jobs but not enough to bring the unemployment rate down.
The economy added 80,000 jobs in June, the Labor Department reported Friday, barely an improvement from the 77,000 jobs added in May. Theunemployment rate remained at 8.2%.
Economists surveyed by CNNMoney had expected to see employers add 95,000 jobs and the unemployment rate to remain unchanged.
The labor market has been volatile this year, with job growth starting off strong in the first couple months of 2012. Then a disappointing slowdown in the spring led many to wonder whether the recovery was taking a turn for the worse.