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US Loses 125,000 Jobs in June

Further signs that the US economy remains weak, came in the form of the latest employment figures. According to the Labor Department, 125,000 jobs were lost in June. This is the first time jobs were lost on a month-to-month basis since last October and was driven by the loss of 225,000 part-time census-taking positions.

The private sector meanwhile, created 83,000 jobs. This was an improvement on May but below March and April’s totals.

Source: BBC News [1]

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Scott Boyd

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