News Journal

Shaking economies hitting the job market

As per the U.S. Labor Department report released on Thursday U.S. employers have removed 62000 workers in June from their payrolls and this is the sixth consecutive month when the job losses were reported.

The jobless rate for June was same as in the month of May at 5.5 % and market experts are predicting that the jobless rate will increase by the year 2009 and get above 6%.Currently U.S. need to create 100,000 new jobs to accommodate increasing work force.