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Financial News

Thursday July 2, 08:17 PM

 

 

Weak US jobs data dashes quick recovery hopes

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US job losses surged to 467,000 in June, pushing the unemployment rate to a new 26-year high of 9.5 percent, according to data from the Department of Labor(DoL) Thursday that dampened hopes for an early recovery from recession. US job losses surged to 467,000 in June, pushing the unemployment rate to a new 26-year high of 9.5 percent, according to data from the Department of Labor(DoL) Thursday that dampened hopes for an early recovery from recession.


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