Unemployment Rate Steady at 5.5%, Worse Than Expected 1 Comment

The Labor Department reported today another 62,000 jobs lost in June, while the unemployment rate unexpectedly remained at a 4 year high of 5.5%. This is the sixth consecutive decline.

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The Fed will see the July jobs report before its next policy meeting on Aug. 5.

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  • Posted on: Thursday, July 3rd, 2008