Unemployment rose to 9.5% in June but businesses continued to cut positions, shedding 67,000 non-farm jobs, the Department of Labor reported yesterday.

The economy has lost 7.2 million jobs since the current recession started in December 2007, and the unemployment rate has risen 4.6%.

The number of persons unemployed in June was 14.7 million, compared to 14.5 million in May.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.