The Madeleine Brand Show for July 8, 2011

Job numbers worse than expected

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Don Ryan/AP

In this photo taken June 14, 2011, Matthew Weisker, left, holds his four-year-old daughter, Lexi Weisker, as he and his wife, Mindy, look for jobs in the database at Worksource Oregon in Tualatin, Ore.

There was a big surprise in monthly employment report Friday morning - and not a good one. Thursday, many economists were cheering after a private firm's survey showed employers adding about 150,000 jobs in June. That didn't square with the official numbers released Friday morning: 18,000 new jobs - nowhere near 150,000. The unemployment rate also increased to 9.2 percent. Bloomberg Business Week's Roben Farzad joins Madeleine to discuss.


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