June 2009: Another Month of Job Losses

After consistent media talk that June would yield a rise in employment, new data today reported more bad news:  National unemployment has reached 9.5%, according to CNN.com – leading to a substantial loss in the stock market today. 

The 9.5% unemployment figure, according to the Los Angeles Times, is a 26-year high.

And California has been hit with a stunning 11.5% unemployment.  Today the State will begin issuing its I.O.U.s for its bills, according to Yahoo! Finance.

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