WASHINGTON, DC (CBS) - The June unemployment report had both clouds and silver linings. In all, not as bad as some had feared. However, the numbers show the economy is still on a very bumpy road to recovery.
The nation's unemployment rate dropped to 9 point 5 percent in June. That's the lowest rate in a year, but still uncomfortably high, with well over 14-million Americans out of work.
"Make no mistake, we are headed in the right direction. But, we're not headed there fast enough for a lot of Americans. We're not headed there fast enough for me either," said the President.
The nation lost 125-thousand jobs in June, mostly because of temporary census work coming to an end.
The key number is in the private sector, where employers added 83-thousand jobs. That's an improvement from May but still weak, and less than economists were expecting.