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Watch: Government job losses impacting economy
The private sector has added jobs for 29 straight months but the government sector is continuing to lose jobs.
Tue, Aug 07, 2012 at 12:04 PM
The release of the July 2012 unemployment report
brought mixed news. The private sector added 163,000 new
jobs, making it the 29th straight month for private sector job growth. Unfortunately the unemployment rate ticked up slightly to 8.3 percent. Despite the positive news from the private sector, the government sector continues to bring bad news. In fact, the government job losses may be slowing the overall economic recovery.
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