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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Jeff Jordan who wrote (248264)7/3/2003 8:39:17 AM
From: zonder  Read Replies (1) of 436258
 
8:30AM US jobless rate jumps to 9-year high; 30,000 jobs shed by Rachel Koning
WASHINGTON (CBS.MW) -- The U.S. unemployment rate rose to a nine-year-high 6.4 percent in June, while the domestic economy shed a greater-than-expected 30,000 jobs last month, the U.S. Labor Department reported Thursday. Economists polled by CBS MarketWatch looked for a decline of 3,000 non-farm payrolls and a jobless rate at 6.2 percent vs. 6.1 percent in May. May's payrolls loss was revised to 70,000 from the 17,000 first reported. Factory, retail and business services all reported job losses, while construction, education, health and leisure expanded their payrolls. Government jobs increased modestly. A string of consecutive monthly payrolls declines since February now totals 394,000 lost jobs. The average workweek was unchanged in June, as were factory and overtime hours. Wages increased an expected 0.2 percent last month.

Bullish? -g-
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