June payrolls fell by 467,000, according to the Bureau of Labor Statistics. That was higher than the 365,000 jobs economists surveyed by Bloomberg had expected employers would shed.The job search just got that much more competitive. Get that resume together!
The BLS said job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business services and construction. While the BLS called the 9.5 percent unemployment rate "little changed," the rate did climb from the previous month's rate, reaching a 26-year high. Still, the rise wasn't as steep as economists had projected. The number of unemployed persons (14.7 million) was little changed.
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Reader Comments (Page 1 of 1)
Swanton F Fleming says: (2:03AM on Jul 6th 2009) Vote Up Vote DownReport2/5
hey buddy.really unemplyoment has wrecked our backbones.we at india are also suffering from it.howz abt there in yours.
Reply
Pamela says: (3:06PM on Jul 10th 2009) Vote Up Vote DownReport2/5
Although unemployment is high, the jobs that do exist have a new edge to it. Employers are more abusive then ever. Here in Wa state they advertise on TV that there are at least one death a week from job related accidents. And mutiple injuries. I dont even think OSHA exist. The factories now just use u up and throw you away. And the state protects them.