The Department of Labor reported this morning the loss of 467,000 positions well above the forecast of 320,000 jobs lost That loss pushes the unemployment rate up to 9.5% the highest in more than 25 years. All sectors reported lower employment figures and as the recession enter its 20th consecutive month.
So far the government’s stimulus has not worked and the mirage of May’s employment figure pointing to a recovery that now seems premature.
