Shock US job figures threaten recovery hopes

U.S. companies added that 18,000 jobs in June, the U.S. Labor Department said, well below the forecast of 90,000 to 120,000

U.S. employers hired fewer employees in nearly two years last month, pushing up unemployment and shaking the financial markets.

crushing hopes of a turnaround in the labor market, companies have become increasingly cautious about hiring new staff in the midst of continuing economic uncertainty and added that 18 000 jobs in June, the U.S. Labor Department said, well below the consensus forecast of 90,000 to 120,000, and the lowest level since September 2010.

shock figures brought the unemployment rate in the U.S. from 9.1% to 9.2% -. The highest level since December 2010, when it stood at 9.4%

The FTSE 100, which increased by about 27 points before the publication of figures on the payroll of June, fell more than 55 points to 5,998.81 as investors fretted about the overall impact of a slowdown in the largest economy in the world.

The private sector added 57,000 jobs that last month - against expectations of 110,000, -. While the government paid 39 000

• Rob Carnell, of ING Bank, described the figures as "absolutely awful" and said "rock" of markets.
• Markets analyst
Louise Cooper said. "There was a collective cry on the floor by ORO when the number of non-farm payrolls was released, even taking into account that these data are volatile and subject to major revisions, this number is troubling.

"America is the country which creates jobs, labor laws more flexible. Are expected to ensure that the economic recovery, people have a new job quickly and easily Eighteen thousand jobs created in a country of 400 million people with an unemployment rate of 9.2% means there is still much to do. But what?

"[On] the monetary policy - the federal funds rate is now 0.25% -. [There is] no room to cut and Queen Elizabeth 2 [the second round of quantitative easing] was completed last week [the debt] $ 14tn and the deadline for an agreement on the budget on August 2, fiscal policy is tightened. Most economists expect a rebound in U.S. economy. States. in the second half of the year [and] this issue we will return to their models. "

The Labor Department also revised the figures disappointing job creation in May for further, arguing that companies that added 25,000 jobs during the month - less than half of its previous estimate of 54,000 . The employment figures were revised downward in April too, although much more moderately, from 217 000 221 000 the previous estimate.

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