> 345,000 U.S. Jobs Lost in May; Unemployment Rate Jumps to 9.4%
>
> The economy shed 345,000 jobs in May, a sharp reduction in
> the pace of job losses, the government reported on Friday in
> its monthly employment report.
>
> The unemployment rate climbed to 9.4 percent, its highest
> point in a quarter-century, and economists said the job
> losses were likely to pile up through the rest of the year.
> But the letup in the pace of losses fanned hopes that the
> plummeting job market was showing sustained signs of
> stabilizing.
>
> Read More:
> http://www.nytimes.com/?emc=na
>
>
> The economy shed 345,000 jobs in May, a sharp reduction in
> the pace of job losses, the government reported on Friday in
> its monthly employment report.
>
> The unemployment rate climbed to 9.4 percent, its highest
> point in a quarter-century, and economists said the job
> losses were likely to pile up through the rest of the year.
> But the letup in the pace of losses fanned hopes that the
> plummeting job market was showing sustained signs of
> stabilizing.
>
> Read More:
> http://www.nytimes.com/?emc=na
>
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