Latest Unemployment Numbers Provide Grim Job Creation News

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American employment growth almost came to a halt in June, with just 18,000 new jobs created after economists forecast 105,000. Affirming that we'd created two million private-sector jobs over the past 16 months, President Obama responded to the anemic jobs report by cautioning that the recession had cost us more than eight million. Timothy Homan reports on the economy for Bloomberg News.

Credits

Guest:
Timothy Homan - Bloomberg News

Host:
Warren Olney

Producers:
Frances Anderton, Sonya Geis, Julia Flucht