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nytimes.com - 7/2/2009

467,000 Jobs Lost in June, Far More Than Expected

— nytimes.com — The pace of job losses quickened in June after slowing just a month earlier, casting a shadow... over the Obama administration’s attempts to stanch months of declines in the labor market. The American economy shed 467,000 jobs last month, and the ... (more) 467,000 Jobs Lost in June, Far More Than Expected

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cnbc.com - 7/2/2009

Economy Sheds 467,000 Jobs; Unemployment Rate at 9.5% - Economy * US * News * Story

— cnbc.com — U.S. employers cut 467,000 jobs in June, far more than expected, while the unemployment rate rose to... 9.5 percent, the government said on Thursday in a report that showed a labor market continuing to struggle with a deep recession. The June job losses ... (more) Economy Sheds 467,000 Jobs; Unemployment Rate at 9.5% - ...

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miamiherald.com - 7/7/2009

U.S. jobless rate hits 26-year high of 9.5 percent - National Business

— miamiherald.com — WASHINGTON -- In a worse-than-expected showing, employers shed 467,000 jobs in June and the unemployment rate ticked... up another tenth of a percentage point to a 26-year high of 9.5 percent, the Labor Department reported Thursday. Mainstream economic ... (more) U.S. jobless rate hits 26-year high of 9.5 percent - ...

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President Obama's Economy Hits Another Speed Bump
Wizbang — ... afforded him is being overwhelmed by events that have no regard for lofty rhetoric, such as job losses : WASHINGTON (MarketWatch) -- The U.S. economy shed jobs at a faster pace in June than in May, suggesting that the turnaround in the economy may take longer than expected. Nonfarm payrolls shrank by 467,000 in June, higher than the 325,000 decline expected by economists surveyed by MarketWatch and the 322,000 jobs lost in May. The unemployment rate ticked higher to 9.5% in June from 9.4% in the previous month. Economists had expected the unemployment rate to rise to 9.6%. ...

What Was That About Jobs, Madam Speaker?
Pajamas Media — After pitching new spending programs as job creation, the horrendous unemployment numbers spell trouble for Dems. [image] Nancy Pelosi said in her final pitch on the cap-and-trade bill that it was all about four words: “jobs, jobs, jobs and jobs.” Unfortunately for her and the president, not a week after the massive energy tax was pushed through, the unemployment numbers went through the roof. In June, 465,000 Americans lost jobs — 140,000 more than the number lost in May and than the number most economists had predicted. The unemployment rate hit 9.5 percent, a 26-year high. ...