June Job Growth Below Expectations

July 7, 2006 – Employers added just 121,000 jobs in June, marking the third straight month of lackluster job growth. Job growth for the second quarter of 2006 has averaged just 108,000 per month, the slowest quarter since 2003’s third quarter.

A report from the Economic Policy Institute says the sluggish job growth and slowing economy can be attributed to higher interest rates, the cooling housing market and high energy costs.

Read EPI’s Jobs Picture.