Archive for July, 2008
One report by Reuters said the U.S. lost 49,000 jobs in May, the fifth straight monthly decline, and the unemployment rate rose to 5.5 percent, the biggest jump in than two decades. Somehow the data for May is open for debate. A different report said 25,000 jobs were added in May, although it is hard to have five straight months of declines if that were the case. Companies in the U.S. cut an estimated 79,000 jobs in June, a private survey based on payroll data showed.