h1

Big June Job Losses Heighten Concerns About U.S. Revival

July 6, 2009

Big June Job Losses Heighten Concerns About U.S. Revival

IBD: 6 June 2009

UNEMPLOYMENT NOW 9.5%

Layoffs likely to continue even if recession ends, as expected, later in ’09

Employers cut far more jobs than expected in June and the unemployment rate hit a 26-year high, the Labor Department said Thursday, raising concerns that the coming economic recovery won’t be strong enough to revive hiring.

Companies shed 467,000 workers last month, up from a drop of 322,000 in May. Wall Street expected a loss of 367,000 jobs.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: