Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (21485)	7/3/2003 11:14:23 AM
From: Karen Lawrence	Respond to of 89467

sfgate.com June unemployment rate soars to 6.4 percent LEIGH STROPE, AP Labor Writer Thursday, July 3, 2003 (07-03) 08:08 PDT WASHINGTON (AP) -- The nation's unemployment rate shot up to 6.4 percent in June, the highest level in more than nine years, in an economic slump that has added nearly a million people to jobless rolls in the past three months. Businesses slashed 30,000 jobs in June for the fifth straight month, with cuts heavily concentrated in the nation's factories, the Labor Department reported Thursday. The 0.3 percentage point increase from May's 6.1 percent rate was the largest month-to-month rise since the Sept. 11, 2001 terror attacks. That surprised analysts who predicted a smaller rise, to 6.2 percent. The last time the overall rate was higher was in March 1994.