The US economy added 195,000 jobs in June, and the prior two months' estimates were revised upward, bringing the three-month average to 196,000 a month. More than half the jobs were added in low-wage sectors like restaurants, retail, and employment services, the kind of jobs people resort to when better paying ones aren't available. That's not great, but it's better than austerity-addled Europe.

The national jobless rate remained steady at 7.6 percent, as more Americans entered the workforce, which in itself usually a sign of a strengthening economy.