Thursday, July 02, 2009

Jobs are lost at a faster pace in June

Date: Thursday, July 2, 2009

JOBS ARE LOST AT A FASTER PACE IN JUNE
The U.S. economy shed jobs at a faster pace in June than in May,
suggesting that the turnaround in the economy may take longer than
expected.

WHY THIS RECESSION IS HITTING MEN HARDER

The current recession is hitting workers in just about every industry,
but men are taking a much bigger hit than women.

U.S. STOCK MARKET FACES PRECARIOUS RIDE FOR 2009

While U.S. stocks start off a new quarter with solid first-day gains, market
analysts point to an uncertain economic climate in couching their
predictions for how the market will perform for the remainder of
what's already been a tumultuous year.

EURO-ZONE UNEMPLOYMENT RATE HITS 10-YEAR HIGH

The jobless rate across the 16 nations that share the European single
currency rose more than expected to 9.5% in May.

U.S. MAY FACTORY ORDERS CLIMB BY 1.2%

Orders for U.S.-made factory goods rise by the largest amount in close
to a year, climbing 1.2% for May on a big jump in orders for
transportation
equipment.

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