Friday, July 2, 2010

June 2010 Unemployment: 9.5%

The Labor Department reported that nonfarm payrolls fell for the first time in six months, down 125,000 in June due largely to the loss of 225,000 part-time Census workers. The jobless rate fell from 9.7 percent to 9.5 percent, however, this was the result of 652,000 workers leaving the labor force and no longer being counted as unemployed.


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