layoff rates

Job Layoffs Takes a Turn for the Worse

by Mara Strom

in Unemployment

The economic recession took a turn for the worse last month, according to a Labor Department report released today. There was a net loss of 467,000 jobs in June, up from the 365,000 losses that economists were predicting. In May, the layoff rate had slowed significantly to 322,000 jobs lost. This month’ figures mark the [...]