- Prison Planet.com - http://www.prisonplanet.com -
US loses 467,000 jobs, unemployment at 9.5%
Posted By admin On July 2, 2009 @ 8:28 am In Money Watch | Comments Disabled
The Age 
Thursday, July 2, 2009
US employers shed 467,000 jobs in June, pushing the unemployment rate to a fresh 26-year high of 9.5 percent, the Labor Department reported Thursday.
Analysts had expected a smaller number of 365,000 job losses, but a higher unemployment rate of 9.6 percent. The jobless rate in May was 9.4 percent.
(ARTICLE CONTINUES BELOW)
The agency revised its estimates for May to show fewer job cuts — 322,000 instead of 345,000. But the April figure was revised from a loss of 504,000 to 519,000 jobs.
The report, one of the best indicators of economic momentum, appeared to dash hopes for a quick turnaround in the labor market, after a moderation in job losses in May.
Full story here. 
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/us-loses-467000-jobs-unemployment-at-95.html
URLs in this post:
 The Age: http://news.theage.com.au/breaking-news-world/us-loses-467000-jobs-unemployment-at-95-20090702-d6mv.html
 Image: http://prisonplanet.tv/signup.html
 U.S. unemployment soars to 9.6% after economy loses 54,000 jobs: http://www.prisonplanet.com/u-s-unemployment-soars-to-9-6-after-economy-loses-54000-jobs.html
 U.S. unemployment hits record but job losses slow: http://www.prisonplanet.com/us-unemployment-hits-record-but-job-losses-slow.html
 Florida unemployment hit record 12.2 percent in February: http://www.prisonplanet.com/florida-unemployment-hit-record-12-2-percent-in-february.html
 195,000 Fewer Americans Had Jobs in July; 150,000 Dropped Out of Labor Force: http://www.prisonplanet.com/195000-fewer-americans-had-jobs-in-july-150000-dropped-out-of-labor-force.html
 Real Unemployment Rate 14.6 Percent in October: http://www.prisonplanet.com/real-unemployment-rate-14-6-percent-in-october.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.