U.S. economy adds 80,000 jobs, Canada adds 7,300

(July 6, 2012) -- . "While a rise in hours worked and strengthening hourly earnings in June provided some offset, this moderation in job growth will do little to calm fears about the underlying strength of the U.S. economy in the face of the already uncertain backdrop of the European debt crisis, the prospect of slower growth in important emerging markets, and a likely impending tightening in U.S. fiscal policy," said Janzen.