Yahoo! News - US generates 112,000 jobs in June, far fewer than expected: "American employers hired 112,000 extra workers in June, fewer than half the number predicted by analysts, government data showed in a sign the spectacular labour market boom may be fizzing out.
Economists had forecast a gain of 250,000 jobs in June, following a three-month explosion in which employers took on 912,000 extra workers, including 235,000 jobs in May.
The disappointing result called into question the strength of the labor market just two days after Federal Reserve (news - web sites) policymakers raised short-term interest rates for the first time in four years"
- posted by geoff @ #