Comment on As employers cut payrolls, average workweek and average wage decline

As employers cut payrolls, average workweek and average wage decline

U.S. employers continued to cut payrolls in June, quashing job market optimism generated by smaller losses in May and even hurting the wages of those who are employed. The official jobless rate inched up to 9.5 percent from 9.4 percent previously estimated for May. The loss of 467,000 nonfarm payroll jobs compared with 345,000 in May.

 

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