Chaffetz on Wednesday surprisingly announced he would not run for reelection, and the following day he told CNN that he may resign early. "My future plans are not yet finalized but I haven't ruled out the possibility of leaving early," Chaffetz told CNN in a text message. "In the meantime I still have a job to do and I have no plans to take my foot off the gas." News that Chaffetz might step down before the end of his term was first reported by KSL radio.
The Labor Department's employment report, released this morning, showed the unemployment rate ticked up to 9.2 percent, with employers adding only 18,000 jobs in June, well below economists' expectations of 110,000 jobs. The May unemployment rate hit 9.1 percent, after nonfarm payroll employment grew by a modest 54,000 jobs -- which the Labor Department revised down to 25,000 -- well below the 165,000 jobs economists expected to be added.