Archive for August, 2009

Unemployment Rate and Job Losses Drop

The unemployment rate dropped slightly in July and job losses slowed, providing some welcome news for the U.S. labor market. The jobless rate fell to 9.4 percent from 9.5 percent the previous month, according to the Labor Department. Employers cut 247,000 jobs in July, compared to a revised total of 443,000 in June. Cuts occurred ...