Originally published by the Voice of America (www.voanews.com).
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July 2, 2009

Jobless Rate Rises in US, Europe
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http://enews.voanews.com/t?ctl=251EA26:A6F02AD83191E160A1B211A96D71BFCD7F0EB4B66EA3A89D&
 
In Europe, unemployment among 16 nations that use the euro rose
two-tenths of a percent to hit 10-year high 
Unemployment has risen in the United States and Europe, with the U.S.
jobless rate hitting a 26-year high in June. Thursday's report from the
U.S. Labor Department said the U.S. economy had a net loss of 467,000
jobs for the month. That pushed the unemployment rate up slightly
one-tenth of a percent to 9.5 percent. People queue outside a Madrid,
Spain job center on 04 May 2009In Europe, unemployment among the 16
nations that use the euro rose two-tenths of a percent to hit a 10-year
high of 9.5 percent in May. Many other economic indicators have recently
improved, or at least are declining at a slower rate. But economists
said the job market lags behind other sectors because employers want to
see stronger signs of economic growth before they start to re-hire
people. 

Some information for this report was provided by AFP, AP and Reuters.


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