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The Bleak U.S. Jobs Picture

U.S. job losses in June rose to 467,000 as the national unemployment rate rose to 9.5%. This follows a decade where job creation in the private sector hovered in the 1% range. In our feature segment, Chief Economist Michael Mandel explains why job growth has stalled, its importance, and what can be done to reverse this trend. Plus, the latest on the troubled housing market and Wal-Mart's ( (WMT)) unusual alliance with a labor union. To go straight to our feature report with Michael Mandel, click here. To see our report on the economic news of note coming out next week, click here.

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