Unemployment rose to 9.2 percent

Unemployment rises to 9.2 percent in June as employers add only 18,000 jobs

Hiring slowed to a near-standstill last month. Employers added the fewest jobs in nine months and the unemployment rate rose to 9.2 percent.The economy generated only 18,000 net jobs in June, the Labor Department said Friday. And the number of jobs added in May was revised down to 25,000. The news dashed hopes for a quick rebound from May's weak result, which was blamed on high fuel prices and the crises in Japan. Those problems appear to be more persistent than many analysts expected.

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