Archive for July, 2009

Unemployment Rate, Job Losses on the Rise

Accelerating job losses pushed the U.S. unemployment rate slightly higher in June, to 9.5 percent — the highest level in 26 years. Employers cut 467,000 jobs in June, the Labor Department reported today. In comparison, the economy shed 322,000 jobs in May, according to revised figures released by the department. The June losses were spread ...