U.S. payrolls expanded by just 80,000 net jobs in June keeping the unemployment rate flat at 8.2 percent, new data from the Bureau of Labor Statistics shows.
The private sector only expanded by some 84,000 positions. Economists polled by Bloomberg had forecast a gain of 100,000 positions during the month, with private payrolls advancing 106,000.
The disappointing report, which follows several months of weak economic gains, has sent U.S. markets sharply lower.
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