And the June unemployment rates are IN!

The US economy lost 125,000 jobs in June, more than economists had forecast, as thousands of temporary census jobs ended and private hiring grew less than expected.

And though the unemployment rate unexpectedly fell to 9.5% from 9.7%, the lowest in a year, it was largely due to more people dropping out of the labor force.

SO going back to school perhaps? Leaving the country? I dont know but a little more info would be nice?

The report was the latest sign that the economic recovery may be “changing” faltering.

“Overall what this does is it reinforces the market’s view that the U.S. recovery is losing steam,” said Greg Salvaggio, vice president of trading at Tempus Consulting in Washington.

Published in: on July 2, 2010 at 9:30 am  Leave a Comment  
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