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7/3/08

CBC: U.S. economy sheds more jobs

For the complete report from CBCnews.ca click on this link

U.S. economy sheds more jobs

U.S. employers cut their payrolls by 62,000 jobs in June, marking the sixth straight month of job losses for the weak U.S. economy. The unemployment rate for June held steady at 5.5 per cent, the U.S. Labor Department said Thursday. Last month's job loss was slightly larger than the 60,000 reduction that economists had been projecting. They had also forecast the unemployment rate to ease to 5.4 per cent.

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