Unemployment fell 0.1% to 9.4% in July, but businesses continued to cut positions, shedding 247,000 non-farm jobs, the Department of Labor reported today.

The economy has lost 7.4 million jobs since the current recession started in December 2007.

The number of persons unemployed in June was 14.5 million, compared to 14.7 million in June and 14.5 million in May.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.