Wall Street's Jobs Bummer: Financial Losers

NEW YORK (TheStreet) - The financial sector was hit hard early Friday, following a disappoint June employment report. The Bureau of Labor Statistics reported that the U.S. economy added only 18,000 new jobs last month, running counter to ADP's report Thursday that private-sector payrolls had increased by 157,000 in jobs in June. In its June employment report, the Bureau of Labor Statistics said that the financial sector had trimmed 15,000 jobs in June, after adding 14,000 in July. ... Click to view a price quote on BAC. Click to research the Banking industry.

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