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US stocks drop after weak June jobs report
Posted: Jul 6, 2012 10:49 AM by Associated Press
NEW YORK (AP) - Stocks are falling sharply on Wall Street after the U.S. government reported that only 80,000 jobs were created in June, the third straight month of weak hiring.
The unwillingness of U.S. employers to add jobs quickly shows that the economy is still struggling three years after the recession officially ended.
An average of just 75,000 jobs were created every month in the April-June quarter, far below the 226,000 created every month in the first three months of the year.
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