US Job Picture Weaker Than Expected

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US Job Picture Weaker Than Expected

By Greg Michalowski on July 2, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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NFP -467K
US Unemployment Rate lower than expectation at 9.5% vs 9.6% expected
Manufacturing -136K
Government lost -52K
Professional and Business lost -118K after losing just -48 last month, Temporary workers fell by -37K
Construction fell by -79K vs -48K last month.
Trade, Transportation and Utilities fell by -51. Retail Jobs lost -21K vs -17K last month
Health added 34K less than last month +47.

Prior month was revised to -322 from -345K

Overall, the report is a disappointment.

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