Rising Job Losses Damp Hopes Of Recovery

Job losses accelerated more quickly than expected last month and the unemployment rate rose to 9.5%, casting doubt on prospects for the U.S. economy to soon rebound.

U.S. employment fell by a seasonally adjusted 467,000 jobs in June, after declining by 322,000 the month before, the Labor Department said Thursday. The report is at odds with such signs of recent economic improvement as growing home sales and increased business investment.

This guy is out of his gourd:

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under