Unemployment Rate, Payrolls

Associated Press


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July 2, 2008

On Thursday, investors will receive the latest reading on how the U.S. job market is faring in a soft U.S. economy.

The Labor Department's report on the June unemployment rate and payrolls will show whether trouble in the housing, manufacturing and financial sectors has continued to weaken the employment market. An increase in the May unemployment rate to 5.5 percent from 5 percent in April rattled investors because it was the largest one-month increase since 1986.

Economists, on average, expect the rate to hold steady and for employers to have slashed 60,000 jobs, versus 49,000 cuts in May.

http://www.portfolio.com/news-markets/national-news/ap/2008/07/02/on-the-watch-unemployment-rate-payrolls

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