WASHINGTON - The U.S. June employment report is more evidence that the U.S. economy slowed in the spring. In fact, the Bureau of Labor Statistics noted "slower job growth in the second quarter in most major industries" and noted "little movement" in unemployment in the first six months of 2012.

June payrolls printed up 80,000 and April-May downward revisions totaled just a 1,000 subtraction. Payroll growth averaged 75,000 a month in Q2, after an average 226,000 monthly rise in the first quarter, illustrating slowdown.

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