<div id="subtitle">U.S. sheds 467,000 jobs in June</div><div><p>The U.S. unemployment rate reached 9.5% in June, as the economy shed 467,000 jobs across several industry sectors, the Bureau of Labor Statistics of the U.S. Department of Labor said Thursday. </p><p>MarketWatch reports that economists surveyed expected a decline of 325,000 jobs last month. </p><p>The Bureau of Labor Statistics notes that the number of unemployed persons and the unemployment rate were little changed in June, however, since the start of the recession the number of unemployed has increased by 7.2 million, and the unemployment rate has risen by 4.6 percentage points.

</p><p>Job losses from April to June averaged 436,000 per month, compared with an average of 670,000 jobs lost per month from November to March.
</p><p>Employment in manufacturing fell by 136,000 last month, while the economy shed 79,000 construction jobs, and 118,000 positions in the professional and business services industry. </p><p>Health care employment increased by 21,000 in June. </p><p>The Bureau of Labor Statistics also says that the change in total nonfarm employment for April was revised from a loss of 504,000 to a loss of 519,000, and the change for May was revised from a loss of 345,000 to a loss of 322,000. </p><p>On the Western Canadian Coal Corp. Bullboard Thursday before the numbers were released, 2fast4you said: “The Labor Department's employment report for June is due at 8:30 a.m. This will no doubt set the tone for the general markets, good or bad... I suspect considering Wednesdays numbers there is a better chance that they will disappoint. I hope I and others are wrong and there is a pleasant surprise though... Good luck today team[sic].” </p><p>And made the following comment after the data was reported: “I was so hoping we were wrong. WILL make for an butt ugly day on the markets especially going into the long holiday weekend in the States...[sic]” </p><p>Meanwhile, on the Premium Exploration Bullboard, prospector7 said: “Look at this NR unemployment 9.5% how can anyone believe that this is going to turn around this year history doens't lie Gold is ready for Blastoff[sic]”</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=54086977&bid=informcom" /></div><div id="copyright"><div>

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