CHICAGO — WHILE A POSITIVE SPIN came from Secretary of Labor Hilda Solis in July regarding the current state of the U.S. labor market, others were considerably more pessimistic.
In a statement, Solis says, “Our nation’s labor market added 80,000 jobs in the month of June, while the unemployment rate remained unchanged at 8.2%. We have seen 28 straight months of private-sector job growth, during which time our economy has added back close to 4.4 million private-sector jobs, with nearly one million jobs added this year.”
For the other side, Kathy Bostjancic, director of macroeconomic analysis with The Conference Board, a global, independent business membership and research association, comments, “The slow labor market improvement … once again confirms that the better payroll increases in the beginning of the year were another false start. The pullback marks the third straight disappointing year.”