Dismal jobs report for June

The June jobs report is out and it is more bad news for those who continue to look for work.

Employers only added 80,000 jobs last month, far less than economists projected.

The unemployment rate stood at 8.2 percent.

President Obama admits he's not satisfied with the jobs report and put him on the defense.

During a bus tour through swing States, the president offered his vision for the middle class.

"I want to get back to a time when middle-class families and those working to get into the middle-class have some basic security. That's our goal," he said.

Meanwhile, the presumptive Republican presidential nominee Mitt Romney interrupted his vacation to to pounce on the poor numbers.

"There is a lot of misery in America today. And these numbers understate what people are feeling and the amount of pain which is occurring in middle class America," Romney said.

Romney also said that the president's polices have not worked and that is time for him to take responsibility.

Wall Street reacted swiftly. to the news. The Dow Jones was down 124 points