WASHINGTON (AP) - A wave of census layoffs cut the nation's
payrolls in June for the first time in six months, while private
employers added a modest number of jobs. The unemployment rate fell
to 9.5 percent, its lowest level in almost a year.
Employers cut 125,000 jobs last month, the most since last
October, the Labor Department said Friday. The loss was driven by
the end of 225,000 temporary census jobs. Businesses added a net
total of 83,000 workers, an improvement from May. But that's also
below March and April totals.
The nation has 7.9 million fewer private payroll jobs than it
did when the recession began.
Analysts expected private payrolls to rise by about 110,000,
according to Thomson Reuters. The report indicates that businesses
are still reluctant to hire as the economy slowly recovers form the
worst recession since the 1930s.
The unemployment rate fell as 652,000 people gave up on their
job searches and left the labor force. People who are no longer
looking for work aren't counted as unemployed.
All told, 14.6 million people were looking for work in June.
Counting those who have given up their job searches and those who
are working part time but would prefer full-time work, the
underemployment rate edged down to 16.5 percent from 16.6 percent