US jobless rate highest in 4 years, payrolls drop (ABS-CBNNEWS.com)
Story date: 2008-08-02 06:33:24
Added on: 2008-08-02 09:35:49
WASHINGTON - The U.S. unemployment rate hit its highest in four years during July as employers cut jobs for a seventh straight month, though less severely than predicted, a Labor Department report showed on Friday.
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