Will it be Recovery Summer or Summer Bummer for Obama? Anything that moves him closer to the door is a win for America.
Economists surveyed by MarketWatch forecast the U.S. gained a net 100,000 jobs last month, compared to 69,000 in May and 77,000 in April. Unemployment is expected to remain at 8.2%.
The U.S. economy created just 80,000 jobs in June and the unemployment rate held steady at 8.2 percent, reflecting continued slow growth in the economy with the presidential election just four months away.
May's weak initial 69,000 report was revised upward to 77,000, which made the June number essentially flat.