Current Events — HabitableZone

Current Events » in reply to DARPA's Poindexter out of a job

Meanwhile: The economy lost 44,000 jobs in July

The only good news here is that Poindexter is joining the unemployment roles

Unemployment Rate Drops to 6.2 Percent

The nation's unemployment rate declined to 6.2 percent in July as nearly half a million discouraged Americans stopped looking for a job. Payrolls were cut for the sixth month in a row, suggesting businesses remain cautious and want to keep work forces lean despite budding signs of an economic revival.

The Labor Department's report Friday painted a picture of a job market that remains stubbornly sluggish and continues to frustrate people looking for work. The economy lost 44,000 jobs in July. While that's an improvement from the 72,000 shed in June, economists were hoping that positions would actually be added. They were forecasting payrolls to go up by around 10,000.

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