US lost 467,000 jobs last month Unemployment now 9.5%
The Department of Labor reported this morning the loss of 467,000 positions well above the forecast of 320,000 jobs lost That loss pushes the unemployment rate up to 9.5% the highest in more than 25 years. All sectors reported lower employment figures and as the recession enter its 20th consecutive month.
http://fxtradeinfocenter.oanda.com/fxeconostats/?n=Non%20Farm%20Payroll&c=US&dn=&r=0&g=0
So far the government’s stimulus has not worked and the mirage of May’s employment figure pointing to a recovery that now seems premature.
Filed under: Forex Graph Commentary, USD
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US lost 467,000 jobs last month Unemployment now 9.5%
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