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UH OH Only 18,000 New Jobs in June Paul Sancya / AP Photo

Only 18,000 New Jobs in June

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.

July 8, 2011 8:52 AM