The New York Times
Fri, July 02, 2010 -- 8:36 AM ET
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U.S. Economy Lost 125,000 Jobs in June; Unemployment Rate Fell to 9.5%
The path to economic recovery remained a twisted one on
Friday as the government reported a net loss of 125,000 jobs
in the American economy last month, driven by the evaporation
of temporary Census jobs, the Labor Department reported.
The unemployment rate, meanwhile, fell to 9.5 percent from
9.7 percent in May.
The job loss was in line with expectations. And with the
anticipated loss of hundreds of thousands of Census jobs --
jobs that had accounted for almost all the growth in the
labor market in May -- economists were focused in particular
on the change in private-sector hiring. There, the news was
better but muted, with 83,000 new jobs created.
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