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| Version 1 | Version 2 |
|---|---|
| US job losses worse than expected | US job losses worse than expected |
| (10 minutes later) | |
| The number of jobs lost in the US last month came in at 467,000, which was much more than had been expected. | The number of jobs lost in the US last month came in at 467,000, which was much more than had been expected. |
| The jobless rate rose to 9.5%, from 9.4% in May. | The jobless rate rose to 9.5%, from 9.4% in May. |
| The non-farm payrolls number would usually be released on a Friday, but has been announced a day early because US markets will be closed on Friday. | The non-farm payrolls number would usually be released on a Friday, but has been announced a day early because US markets will be closed on Friday. |
| Since the start of the recession in December 2007, the number of jobless people has risen by 7.2 million, the Department of Labor said. | Since the start of the recession in December 2007, the number of jobless people has risen by 7.2 million, the Department of Labor said. |
| The jobless rate of 9.5% was slightly lower than had been expected, but was still the highest since August 1983. | The jobless rate of 9.5% was slightly lower than had been expected, but was still the highest since August 1983. |
| There were revisions to the figures for the two previous months with the number of jobs lost in April rising 15,000 to 519,000 and the number lost in May falling 23,000 to 322,000. | There were revisions to the figures for the two previous months with the number of jobs lost in April rising 15,000 to 519,000 and the number lost in May falling 23,000 to 322,000. |
| 'Terrible' | |
| Average hourly earnings were unchanged at $18.53 (£11.33). | |
| A total of 14.7 million people were unemployed in June. | |
| The job losses come despite recent signs of optimism from surveys. | |
| "The job market is terrible. It's as bad as we've seen in our lifetime," said Keith Hembre, chief economist at FAF Advisors in Minneapolis. | |
| "The light at the end of tunnel is that we see some stability in domestic demand and some demand overseas." | |
| In a separate report, the Department of Labor said that the number of newly laid-off workers applying for employment benefits last week fell to 614,000, while the number of people continuing to claim benefits unexpectedly fell to 6.7 million. |