467K jobs cut in June; jobless rate at 9.5 percent
• APEmployers cut a larger-than-expected 467,000 jobs in June, driving the
unemployment rate up to a 26-year high of 9.5 percent, suggesting that
the economy's road to recovery will be bumpy.
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Employers cut a larger-than-expected 467,000 jobs in June, driving the
unemployment rate up to a 26-year high of 9.5 percent, suggesting that
the economy's road to recovery will be bumpy.
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