5 Million Jobs Still Missing Since Recession Ended

[Purveyor]

WASHINGTON (AP) -- U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is still struggling three years after the recession ended.

--CLIP
Weaker job creation has caused consumers to pull back on spending.

Europe's debt crisis is also weighing on U.S. exports. And the scheduled expiration of tax cuts at year's end has increased uncertainty for U.S. companies, making many hesitant to hire.

Job creation is the fuel for the nation's economic growth. When more people have jobs, more consumers have money to spend - and consumer spending drives about 70 of the economy.

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