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Jobs Contract 18th Straight Month; Unemployment Rate Hits 9.5%

Posted on July 02, 2009

This morning, the Bureau of Labor Statistics (BLS) released the June Employment Report.Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Job losses were widespread across the major industry sectors, with large declines occurring in manufacturing, professional and business services, and construction..Establishment Dataclick on chart for sharper imageHighlights467,000 jobs were lost in total vs. 345,000 jobs last month.79,000 construction j...

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