Economy - Economics USA

U.S. Economy: Employers Cut Payrolls for Sixth Straight Month

7-3-2008 • Bloomberg

U.S. employers cut jobs for a sixth straight month and service industries shrank in June, signaling that the economic slowdown may deepen as the impact of federal tax rebates [ha ha ha] fades. Payrolls fell by 62,000 after a 62,000 drop in May that w