"They certainly are not rosy figures," Libby Bierman, assistant analyst at financial data company Sageworks, said. "But I still think there is some good news. Private companies are growing and they are a huge engine for job growth."
Bierman said the lack of hiring was curious considering the private sector is undergoing significant growth in sales and net profit margin. Private companies experienced 10% annual growth in sales in June, but remained mostly unwilling to hire new employees, she said.
The number of unemployed Americans remained essentially unchanged for June, coming in at 12.7 million, the department said. Long-term unemployment also stayed flat with 5.4 million Americans--41.9% of the unemployed--still jobless for 27 or more weeks.
JOHN MCDERMOTT is a business and culture reporter whose work has appeared in the Chicago Tribune and Playboy and on AOL.com. He recently moved from Chicago to Brooklyn, New York, to work for Inc.com. @J_M_McDermott