Job recovery hits a wall

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — The U.S. economy lost jobs in June, for the first time this year, as modest hiring by businesses only partly offset the end of Census jobs.

The Labor Department on Friday reported a net loss of 125,000 jobs in the month. That was due primarily to the loss of 225,000 Census jobs that had swelled payrolls in May.

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Business hiring rebounded to 83,000, which was still a bit weaker than hoped. While it’s up from the jobs private sector employers added in May, it was well below hiring levels in March and April.

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