CNN/Money logo CNN/Money 5 months ago

Job market takes turn for worse

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. Full Article at CNN/Money

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  1. After the euphoria of May's job report comes sobering June data. The U.S. economy shed 467,000 jobs in that month, up from a revised 322,000 for May, which many thought might have signaled the bottom of the job market. Full Article at Pakistan News.net

  2. Job seekers line up for a career fair in Oak Brook, Ill. The national unemployment rate climbed to 9.5 percent in June.

    Employers reduced their payrolls by 467,000 jobs in June, the Labor Department said, far more than forecasters had expected. The unemployment rate rose to 9.5 percent, from 9.4 percent. Full Article at The Washington Post

  3. NEW YORK - A dour report on job losses in June sent stocks sharply lower Thursday. Major stock indexes fell about 2 percent after the U.S. unemployment rate hit a 26-year high. Full Article at WNYW | Fox 5 New York

  4. NEW YORK -- Retail job cuts moderated in June, when U.S. merchants trimmed 21,000 as they kept shuttering stores, but weakness in the overall job market looms over retailers, who need consumers to spend more freely. Full Article at Miami Herald

  5. The Labor Department reported a sharp decline in nonfarm payrolls last month and a slight increase in the unemployment rate as the labor market continues to shed jobs during the worst recession in decades. Full Article at iStockAnalyst

  6. 
In this June 30, 2009 photo, an unemployed worker talks at a KFC and Wendy's booth at a job fair in San Jose, Calif. 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 a bumpy one.

    In this June 30, 2009 photo, an unemployed worker talks at a KFC and Wendy's booth at a job fair in San Jose, Calif. Full Article at Miami Herald

  7. A man looks at a job board at a job fair in Toronto, April 1, 2009.

    WASHINGTON (Reuters) - 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. Full Article at Boston Globe

  8. The US private sector shed 473,000 jobs in June, a survey by payrolls firm ADP has shown on Wednesday, highlighting ongoing weakness in the labour market despite signs the economy is stabilising. Full Article at The Age

  9. NEW YORK - U.S. private employers cut 473,000 jobs in June, more than expected but down from the 485,000 jobs lost in May, a report by a private employment service said on Wednesday. Full Article at International Business Times

  10. We expect the Labor Dept.'s U.S. employment report for June, scheduled for release July 2, to show a decline of 340,000 in nonfarm payrolls on the month—nearly matching the 345,000 drop in May. Full Article at Business Week

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