From Breitbart.com (Pic and videos added by B.S. Report)
By Mike Flynn
The Bureau of Labor Statistics reported this morning that the economy added just 80k jobs in June. The economy needs to add around 150k jobs a month just to keep up with population growth. The big miss confirms that whatever economic recovery existed is gone and the economy remains stuck in a dangerous stall.
Economists had been predicting a net gain of around 100k jobs. Payroll giant ADP yesterday suggested June job growth might even come in around 176k, blowing past expectations. For a while yesterday, the media and Wall Street wondered if today’s report would surprise with a strong jobs number. Alas, as with most jobs reports in recent months, it wasn’t to be. After three and a half years, one would think economists would be weary of always being surprised by “unexpected” bad economic news. (Read more.)