Unemployment Rate Jumps to 9.4%
June 5, 2009 at 5:47 AM (PT)
The economy shed 345,000 jobs in MAY, a sharp reduction in the pace of job losses, the government reported on FRIDAY in its monthly employment report.
The unemployment rate climbed to 9.4%, reports THE NEW YORK TIMES, its highest point in a quarter-century, and economists said the job losses were likely to pile up through the rest of the year.
But the letup in the pace of losses fanned hopes that the plummeting job market was showing sustained signs of stabilizing.
Help Us To Help You
ALL ACCESS is committed to helping those of us in the radio and music business who've lost their jobs. Please take advantage of our free registration -- and make sure to tell your friends and collegues to sign up as well.
If you're currently on the beach -- please make it easier for potential employers to find you, by updating your contact info in our INDUSTRY DIRECTORY by clicking here.