Unemployment Rises, Stocks Fall

According to government records jobless rate is 9.5%, which is slightly less than what was expected, but nonfarm payrolls make 467,000 people jobless.
It was said by the Labor Department that in June US employers have cut down more jobs than what was expected by the analysts raising the unemployment rate up to 9.5%.

It had been the headline number that 467,000 jobs has been trimmed from nonfarm payrolls, investors were also greatly concerned about a decline that is observed in the average workweek, it falls to 33 hours in June from 33.1 in May. It has been indicated by this figure that a growing number of workers are underemployed, implying further declines in wages.

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