SmartHomeOwners

This is a surprise to most economists!

The U.S. economy added only 18,000 jobs in June. Many has forecasted adding 105,000 jobs in June. Here are the dark sides:

• June job creation is the weakest in nine months
• The overall unemployment rate has climbed to 9.2%, highest since last December, 2011
• May non-farm payrolls revised down to 25,000
• Downward revisions of 44,000 for both April and May
• Private sector added only 57,000 jobs
• Government employment is shrunk by 39,000
• Wage growth up only 1.9% year over year; excluding inflation wages are actually declining 
• 12,000 decline in temporary jobs
• Household survey measure of employment shows 445,000 drop, most since December 2009
• Participation rate at 27-year low of 64.1%
• Average hours worked down to 34.3 from 34.4
• Average duration of unemployment a new high at 39.9 weeks
• All-in jobless rate, including underemployed and discouraged job seekers back above 16%.

Where does the U.S. economy go from here? How is this going to affect Canadian growth?