Hope and change continues to crash and burn.
WASHINGTON — U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is struggling three years after the recession ended.
The Labor Department said Friday that the unemployment rate was unchanged at 8.2 percent.
The economy has added just 75,000 jobs a month in the April-June quarter. That’s one-third of 226,000 a month created in the first quarter. Job creation is also trailing last year’s pace through the first six months of 2012.
Stock futures fell modestly after the report came out. Dow Jones industrial average futures were down 24 points before the report at 8:30 a.m., and were down 60 points minutes later.
Yields for government bonds sank, an indication that investors were putting money into the Treasury market. The yield on the 10-year U.S. Treasury note was 1.59 percent just before the report and 1.57 percent after it came out.
A weaker job market has made consumers less confident. They have pulled back on spending, even though gas prices have plunged.
High unemployment could shift momentum to Mitt Romney, the presumptive GOP presidential nominee. An Associated Press-GfK poll released last month found that more than half of those surveyed disapproved of President Barack Obama’s handling of the economy.
Update: Breakdown by race.
Unemployment rates: adult men 7.8%; adult women 7.4%; teenagers 23.7%; whites 7.4%; blacks 14.4%; Hispanics 11.0%. Asians 6.3%.
— Mark Knoller (@markknoller) July 6, 2012