Employment-seekers decline by 652,000 June, which may reflect people giving up on job-hunting and a reluctance to hire. Overall, the jobless rate falls to 9.5% from 9.7%, the Labor Department reports. Private employers added a smaller-than-expected 83,000 jobs in June, but the unemployment rate edged down to 9.5% as many workers dropped out of a labor market that remains very sluggish.
Comment on Unemployment rate dips as more workers leave labor force
L.A. Times - Business, Los Angeles Times: Business
Fri, 07/02/2010 - 6:49am
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