CAP en Español
Small CAP Banner

Economy Moving in the Wrong Direction

  • print icon
  • SHARE:
  • Facebook icon
  • Twitter icon
  • Share on Google+
  • Email icon

Today’s latest job numbers show that the labor market is floundering. Private-sector employers added only 57,000 new jobs in June while layoffs in the public sector across the country brought the total new jobs to a mere 18,000. April and May’s data were revised downwards by a total of 44,000 jobs. And the unemployment rate ticked back up to 9.2%. Read our complete report on “Hiring weak in June.”

This is grim news for workers and should be seen as a serious wake-up call to policy makers. We cannot get our fiscal house in order until we get America back to work. The economy will not be able to withstand the shock of running into the debt ceiling early next month, but it will also be an economic tragedy if the negotiations lead to reductions in public spending while the job market is so weak.

Read more here.

This article was originally published in MarketWatch.

To speak with our experts on this topic, please contact:

Print: Allison Preiss (economy, education, poverty)
202.478.6331 or

Print: Tom Caiazza (foreign policy, health care, energy and environment, LGBT issues, gun-violence prevention)
202.481.7141 or

Print: Elise Shulman (Oceans)
202.796.9705 or

Print: Chelsea Kiene (women's issues, Legal Progress, Half in Ten Education Fund)
202.478.5328 or

Print: Tanya Arditi (Immigration, Progress 2050, race issues, demographics)
202.741.6258 or

Spanish-language and ethnic media: Jennifer Molina
202.796.9706 or

TV: Rachel Rosen
202.483.2675 or

Radio: Chelsea Kiene
202.478.5328 or