Friday, August 6, 2010

Nation's Jobless Figure Remains Unchanged

Posted By on Fri, Aug 6, 2010 at 8:59 AM

The long, hot summer got a bit longer and a lot warmer for the jobless in July. The national unemployment rate was unchanged at 9.5%

Overall, the U.S. economy lost a net of 131,000 jobs last month, mostly because more than 140,000 census jobs came to an end. It's estimated that the economy needs about 200,000 new jobs in a given month to reduce the unemployment rate.

Idaho numbers are expected to be released later today. June saw a statewide jobless rate of 8.8%, a slight dip from the previous month, but it's presumed that a good many people had become discouraged and stopped looking for work, leading to a drop in the tracking number.

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