Email this story:467K jobs cut in June; jobless rate at 9.5 percent

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467K jobs cut in June; jobless rate at 9.5 percent

WASHINGTON (AP) — Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy's road to recovery will be bumpy.

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