SmallGovTimes.comBusinesses shed 51,000 jobs; unemployment rate up to 5.7% By: News Bites | Published on 08/01/08 The nation's unemployment rate climbed to 5.7% in July, highest in more than four years, as employers cut payrolls for a seventh month, the government said Friday. Companies cut a seasonally adjusted 51,000 workers last month, matching June's decline, the Labor Department said. Original URL: http://www.smallgovtimes.com/story/08aug01.unemployment.up/index.html |