Report: Jobless rate rises to 9.2% in June

The latest jobs report released today has hit hard for many out-of-work Long Island residents, with the unemployment rate rising to 9.2 percent. The Labor

WOODBURY - The latest jobs report released today has hit hard for many out-of-work Long Island residents, with the unemployment rate rising to 9.2 percent.

The Labor Department says only 18,000 jobs were added in June, which is about 10 times fewer jobs than what economists had been predicting. The losses include nearly 150 layoffs in Nassau County just last week, with another 44 cuts scheduled at Northrop Grumman in Melville this fall.

According to Long Island Association economist Dr. Pearl Kamer, employers are pulling back because high gas and food prices are cutting into consumer spending. He says a high number of foreclosed homes on Long Island are also contributing.

Share on Facebook Tweet on Twitter

advertisement | advertise on News 12

Top 5 Must See

The high winds expected with the nor'easter could 1 South Shore communities prep for nor'easter
The head of the Nassau chapter of Planned 2 LI Planned Parenthood chief voices concerns on administation
A teenager was attacked in a park Sunday 3 Police: Teen attacked at Huntington Station park
Officials in the Town of Brookhaven say they 4 Brookhaven moves to crack down on dangerous dogs
Police say three men were rescued when their 5 3 rescued when boat capsizes off Mount Sinai

advertisement | advertise on News 12

Features

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE