1. UH OH

    Only 18,000 New Jobs in June

    In this June 15, 2011 photo, job seekers stand in line at a job fair in Southfield, Mich. More Americans applied for unemployment benefits last week, adding to evidence that the labor market is weakening.

    Paul Sancya / AP Photo

    Bad news for the U.S. economic recovery. New private-sector jobs barely outweighed government job losses, causing the unemployment rate to climb to 9.2 percent from 9.1 percent. It's the third straight month the jobless rate has risen, and unemployment is now at its highest level since December 2010. In total, the economy added 18,000 jobs, far fewer than expected.

    Read it at The Wall Street Journal