Thursday July 2, 01:51 PM
STOCKS NEWS US-June payrolls fell 467,000, jobless rate up
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0833 ET 02July2009-June payrolls fell 467,000, jobless rate up
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U.S. employers cut 467,000 jobs in June, far more than expected, while the
unemployment rate rose to 9.5 percent, the government said on Thursday in a
report that showed a labor market continuing to struggle with a deep
recession.
The June job losses were more than 100,000 greater than the 363,000
consensus of Wall Street economists polled by Reuters and broke a four-month
trend of moderation in job losses.
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