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.

 

Photo: Glyn Lowe Photoworks/Flickr

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.