Terrible Unemployment Report Released - Spokane, North Idaho News & Weather KHQ.com

Terrible Unemployment Report Released

WASHINGTON (AP) - The economy added just 18,000 in June. The unemployment rate was 9.2%. 

The consensus forecast was that 90,000 jobs were added in June, according to a survey by FactSet. But a batch of strong economic data this week have inspired some last-minute upward revisions.

Many economists were estimating that employers added at least 120,000 jobs. And some were predicting as many as 200,000 net new jobs for June. The unemployment rate is expected to stay at 9.1%.

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