Unemployment hits 9.5 percent in U.S. - New Mexico Business Weekly:

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percent from 9.4 percent in May, the highesgt since August 1983. The report shows that in June employerdsslashed 467,000 jobs and hourly earningxs were flat. In May the economyu lost 322,000 jobs. Factory payrolls fell by 136,000 aftert decreasing 156,000 the prior month. Payroll s at builders fell 79,000 after decreasinvg 48,000. Retail payrolls decreased by 21,000. Financiao firms reduced payrollsby 27,000. In a separatee report the Labor Departmenf said the number of Americanxs filing first time claims for unemployment benefits last week fell in linewith forecasts. Initialo jobless claims droppedby 16,000 to 614,000 in the week ende d June 27. The average work week fell to 33 hourzfrom 33.
1 hours in May. average hourly wages held at $18.53 for a seconed month. Unemployment rose in New Mexicooin May, but was still well under the national The state’s unemployment rate was 6.5 percent for the according to the Departmeny of Workforce Solutions, up from four percentg one year ago and 5.8 percentg in April.