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July 10, 2011 9:25 am

Unemployment At 9.2 Percent As Hiring Stalls

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NY Post – The US economy added the fewest jobs in June than in the past nine months, raising The unemployment rate to 9.2 percent from 9.1 percent in the previous month, the Labor Department reported Friday, suggesting that the sudden slowdown in the economy might be longer-lasting and more severe than feared.

Nonfarm payrolls rose by only 18,000 in June, well below the 125,000 gain expected by economists. Surveyed by MarketWatch, the 9.2 unemployment rate is the highest level since December 2010.

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