Not Good: 467,000 U.S. Jobs Lost In June ! - Cleveland 19 News Cleveland, OH

Not Good: 467,000 U.S. Jobs Lost In June !

NEW YORK (CNNMoney.com) -- The battered U.S. labor market took a step backwards last month as employers trimmed more jobs from their payrolls in June, according to a government report Thursday.

There was a net loss of 467,000 jobs in June, compared with a revised loss of 322,000 jobs in May. This was the first time in four months that the number of jobs lost rose from the prior month.

The June job losses were also far worse than the forecast of a loss of 365,000 jobs by economists surveyed by Briefing.com.

 The unemployment rate rose for the ninth straight month, climbing to 9.5% from 9.4%. Economists had been expecting that the unemployment rate would hit 9.6%.
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