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# Stagnant June Jobs Report
- URL: https://ivn.us/stagnant-june-jobs-report/
- Published: 2012-07-06T14:20:20.000Z
- Updated: 2026-06-22T19:27:04.000Z
- Author: Jane Susskind
- Tags: News

The Bureau of Labor [Statistics](http://www.bls.gov/news.release/empsit.nr0.htm?ref=ivn.us) for the June jobs report paints a grim picture for the economy, with just **80,000 jobs** added and a stagnant unemployment rate of **8.2%**.

Kathy Bostjancic, director of macroeconomic analysis for the Conference Board commented on the economic situation:

> *“This economy has no forward momentum and little help from monetary or fiscal policy. As if that were not enough, ill winds are blowing in from both a contracting Europe and slowing growth in emerging markets. Also, domestic lawmakers’ inaction on the upcoming ‘fiscal cliff’ creates uncertainty that is not conducive to hiring.”*

Twitter reacts to the "unchanged" and "stagnant" jobs report:

> [wapo.st/M8QotJ](http://t.co/Q7SVWe9P?ref=ivn.us)[July 6, 2012](https://twitter.com/ezraklein/status/221231681389076480?ref=ivn.us)

> [July 6, 2012](https://twitter.com/chrisadamsmkts/status/221219646899093504?ref=ivn.us)

> [bit.ly/KXXK24](http://t.co/a5AfAztk?ref=ivn.us)[July 6, 2012](https://twitter.com/JimPethokoukis/status/221239883392487424?ref=ivn.us)

Wall Street Journal Economics Reporter Sudeep Reddy detailed the findings:

> [July 6, 2012](https://twitter.com/Reddy/status/221224095776382976?ref=ivn.us)

And Conservatives are mad...

> [July 6, 2012](https://twitter.com/TeaPartyCat/status/221237713955852289?ref=ivn.us)

What will fix the economy? [AEI reports](http://www.aei-ideas.org/2012/07/june-jobs-swoon-americas-labor-market-depression-continues/?ref=ivn.us), it will take 219,000 net new jobs a month for unemployment rate to be below 8% on Election Day if current participation rate holds steady.