published Friday, July 2nd, 2010

Payrolls drop by 125K, jobless rate falls

WASHINGTON — A wave of census layoffs cut the nation's payrolls in June for the first time in six months, while private employers added a modest number of jobs. The unemployment rate fell to 9.5 percent, its lowest level in almost a year.

The Labor Department says employers cut 125,000 jobs last month, the most since last October. The loss was driven by the end of 225,000 temporary census jobs. Businesses added 83,000 workers to their payrolls, an improvement from May.

The unemployment rate fell as more people out of work gave up on their job searches and left the labor force. People who are no longer looking for work aren't counted as unemployed.

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cbc123 said...

Do you know where all those people could work? In the new cannabis industry that doesn't exist yet. Can we please legalize cannabis?

July 2, 2010 at 11:40 p.m.
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