Unemployment in U.S. Climbed to 9.2% as Payroll Growth Slowed

The U.S. unemployment rate rose for a third straight month in June, hiring slowed and earnings stagnated, pointing to an economy lacking momentum entering the second half of the year.

The 9.2 percent jobless rate in June was the highest this year, Labor Department figures showed yesterday. Employers added 18,000 workers to payrolls, the fewest in nine months and less than the most pessimistic forecast in a Bloomberg News survey of economists.