US unemployment rate up to 9.4% but job losses ease
Figures released today from the US Labor Department show that the US economy shed 345,000 jobs in May, taking the unemployment rate up to a 25-year high of 9.4%.However, the number of jobs lost were far fewer than expected and follow the 539,000 jobs lost in the previous month.Service sector industries axed 120,000 jobs in [...]
US unemployment rate up to 9.4% but job losses ease
