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Unemployment edges up to 9.2 percent

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(Read caption) This chart shows total nonfarm payrolls from September 2000 through June 2011. The latest data from June show that employment is 5.75 percent lower than it was during the peak in December 2007.

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Today’s Employment Situation Report showed that in June, net nonfarm payrolls increased only slightly rising just 18,000 from May while private nonfarm payrolls added a just 57,000 and the unemployment rate edged up to 9.2% over the same period.

Net private sector jobs increased just 0.05% since last month climbing 1.58% above the level seen a year ago but but remained a whopping 5.75% below the peak level of employment seen in December 2007.

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