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Jobs Report Sign of Deeper Economic Trouble The Federal government's jobs report for June shows the country sliding further into an already historic recession. With 467,000 jobs disappearing, bringing the official unemployment rate to 9.5 percent, wages down, and more workers than ever stuck in part-time jobs that don't adequately cover the bills, Americans are hurting. Credit is tight and spending down, leaving little hope that we can borrow and buy our way out of the current economic slump.

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Jobs Report Sign of Deeper Economic Trouble

The Federal government's jobs report for June shows the country sliding further into an already historic recession. With 467,000 jobs disappearing, bringing the official unemployment rate to 9.5 percent, wages down, and more workers than ever stuck in part-time jobs that don't adequately cover the bills, Americans are hurting. Credit is tight and spending down, leaving little hope that we can borrow and buy our way out of the current economic slump.