U.S. employers created only 18,000 net jobs in June, the fewest in nine months and a fraction of what many economists expected. Private companies added jobs at the slowest pace in more than a year. The unemployment rate edged up to 9.2 percent, its highest level this year." - [emphasis mine]Heh, who'd thunk that adding 18k jobs results in an increase in the unenjoyment rate? I guess that happens in an economy where government leaders, none of which ever held a job in the private sector, and only know of reality through their academic promulgations released ex cathedra from on high in their ivory towers, that government must spend its way out of a deficit.
Every month, about 100,000 more Americans enter the job market. It's called population growth.
Consequently, the economy needs to generate about 100,000 new jobs per month just to maintain the current rate of unemployment.
In this context, a mere 18 thousand new jobs is utterly pathetic.