The U.S. job market took another turn for the worse last month. The Labor Department reported a gain of only 18,000 jobs — a much smaller number than economists had expected. Meanwhile, the unemployment rate rose from 9.1 percent in May to 9.2 percent last month. Recommend on Facebook Tweet about it
After months of employment gains, payrolls fell last month — reflecting the loss of temporary Census jobs. The federal government laid off 225,000 Census workers in June, the Labor Department reported today. Overall, the economy shed 125,000 jobs last month. But the labor force shrank, and the jobless rate fell from 9.7 percent to 9.5 ...
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 ...