Detailed text transcripts for TV channel - FOXNEWS - 20100807:08:01:00
The private sector added 71,000 jobs in july, substantially shy of the 90,000 analysts predicted and well below the 200,000 needed to chip away at the 9.5% unemployment rate. moreover, private sector hiring in june was revised downward from 83,000 to 31,000. in all, factoring steep government cut-backs the u.s. economy shed 131,000 jobs last month. for the president, there were some bright spots, but not enough. >> the fact is we've added private sector jobs every month this year, instead of losing them as we did for the first seven months of last year. meanwhile, our manufacturering sector th...