This is WEEKEND EDITION from NPR News. I'm Scott Simon. Eight-point-two percent, that's the number economists and politicians are looking at closely. It is the unemployment rate for the month of June. The U.S. Labor Department reported that the economy added only 80,000 jobs last month. As the economy continues its very slow recovery, it's worth asking, is the jobs report always the best indicator? NPR's Sonari Glinton has more.
So, another month passes with U.S. stuck in a jobless recovery. Yet many major businesses are reportedly doing well. Their stock price is up. They have cash on hand. So why aren't more companies hiring?
I'm joined now by two chief executive officers. Christopher Gorman is the president of Key Corporate Bank and the CEO of KeyBank in Cleveland. He joins us from his office there. Mr. Gorman, thanks for being with us.
Over a half million foreign workers fled the violence in Libya last spring during the fall of Tripoli. Most migrants were from Egypt, Tunisia or sub-Saharan Africa. Thousands came from a single town in the West African nation of Ghana. That town is called Nkoranza and it's nearly 3,000 miles away from Libya's capital of Tripoli.
But reporter Marine Olivesi says that despite the risks and uncertainty they face in post liberation Libya, many Ghanaians are once again taking the road north.