The job market: Stuck in neutral?

The economy added 195,000 new jobs in June, but the unemployment rate didn't budge

Construction employment
(Image credit: MIKE BLAKE/Reuters/Corbis)

The economy added 195,000 new jobs in June, the Bureau of Labor Statistics reported Friday, beating analysts' expectations and continuing the trend of steady, if modest, job growth. The unemployment rate, however, remained at a stubborn 7.6 percent.

The bureau also revised April and May's reports to include 70,000 more jobs than previously reported.

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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.