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Saturday, November 21, 2009 11:10 AM

Published 07/02/2009 by Observer


US unemployment rate soars to 26-year high at 9.5%

jobs lost in June, far worse than analysts expected The US unemployment rate jumped to a 26-year high in June as employers continued to slash jobs despite tentative signs that the economic crisis may be easing.

The US Department of Labor said that 467,000 people lost their jobs in June....

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What others report on the same story

U.S. job losses spike in June, dampen recovery ...
WASHINGTON (Reuters) - U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in nearly 26 years, underscoring ... - [07/03/2009 - Reuters: Business News]
Surge in US job losses 'sobering' : Obama
WASHINGTON (AFP) US President Barack Obama said Thursday the latest surge in job losses was 'sobering,' after new government figures pushed the unemployment rate ... - [07/02/2009 - AFP via Yahoo!]
Obama 'disappointed' by jobless figures
WASHINGTON (AFP) US President Barack Obama was 'deeply disappointed' by the country's jobless figures which pushed the unemployment rate to a 26-year high, his spokesman ... - [07/02/2009 - AFP via Yahoo!]
Unemployment To Hit 26-Year High, Rising To 9.6... - [07/02/2009 - The Huffington Post | Full News Feed]
US jobless rising to 9.6% - [07/02/2009 - Straits Times]
U.S. jobless rate seen highest since 1983 - [07/02/2009 - Reuters: Business News]
U.S. economy sheds 467,000 jobs in June - [07/02/2009 - Reuters: Top News]
U.S. economy sheds 467,000 jobs in June - [07/02/2009 - Reuters: Business News]
US loses 467,000 jobs, unemployment at 9.5% - [07/02/2009 - AFP via Yahoo!]
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Quotes

...(CEBR), said: "Today's figures pour cold water on recent optimism about the US recovery." William Sullivan, chief...
US unemployment rate soars to 26-year high at 9.5% [Observer - 07/02/2009]
...Group, said: "It looks like the economy was still losing substantial momentum as the second quarter came to a close. This report is weak across the board. The only saving grace is that the decline in payrolls may not be as large as we saw at the start of the year." Monthly job losses...
US unemployment rate soars to 26-year high at 9.5% [Observer - 07/02/2009]

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US unemployment rate for June at 9.5 percentAnother 467,000 jobs lost
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Audio/Video

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U.S. unemployment hits 9.5 percent [Reuters Video: Business - 07/02/2009]
Beneath the economic data [Reuters Video: Business - 07/01/2009]
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