Last week, economists were projecting more than 100,000 private and government jobs being added to the economy in June. What they got instead was a disappointing 18,000, with the unemployment rate increasing to 9.2 percent.
In a statement, Hilda Solis, secretary of the Department of Labor, said job growth is not happening fast enough.
"We need to see businesses do more to employ American workers," said Solis. "Many companies have had a great year and are sitting on large piles of capital. It is critical that they begin to turn their profits into jobs for the American people."
While some companies may be doing well economically, the people who work for those businesses may not feel that way. According to a recent survey conducted by the SFN Group, employee confidence decreased nearly 6 points in June – the lowest level of confidence the survey has recorded in almost two years.
Roy Krause, president and CEO of the consulting firm, said workers appear to be "apprehensive" about their employment situation.
Something that may fuel this anxiety is a bad credit report, which can severely hamper a job seeker's ability to land another job, since employers sometimes run credit checks to determine how financially responsible an applicant may be. A credit repair company may be able to identify inaccuracies leading to a low three-digit score.