By Peter Morici
Friday, forecasters expect the Labor Department to report the economy shed about 110 thousand jobs in June and unemployment rose to 9.8 percent.
Economists expect the private sector created about 110,000 jobs but government employment dropped twice that amount, as many temporary census jobs disappeared.
Twelve months into recovery from such a deep recession, this is a terrible performance. The economy must add 13 million private sector jobs by the end of Read More »