About 467,000 people in the US lost their jobs in June, raising the national unemployment rate to a 26-year-high of 9.5 per cent, data from the US labour department has shown.
The information, which was released on Thursday, marks a steep increase in job losses over the previous month, when 322,000 people became unemployed.
The unemployment rate for in the June report rose by 0.1 per cent from the 9.5 per cent rate in the previous month’s survey.
Speaking after the report, Barack Obama, the US president, said that he remains "deeply concerned" about the scale of job losses across the country.
Coming up with both a short-term and longer-term solution to the country's economic troubles is "one of the things that I'm most focused on", he told the Associated Press news agency.
Obama said he is confident that his economic team has succeeded in bringing stability to the housing and financial markets, but he admitted that more work needs to be done to create jobs.
US data shows unemployment on rise
About 467,000 people in the US lost their jobs in June, raising the national unemployment rate to a 26-year-high of 9.5 per cent, data from the US labour department has shown.
The information, which was released on Thursday, marks a steep increase in job losses over the previous month, when 322,000 people became unemployed.
The unemployment rate for in the June report rose by 0.1 per cent from the 9.5 per cent rate in the previous month’s survey.
Speaking after the report, Barack Obama, the US president, said that he remains "deeply concerned" about the scale of job losses across the country.
Coming up with both a short-term and longer-term solution to the country's economic troubles is "one of the things that I'm most focused on", he told the Associated Press news agency.
Obama said he is confident that his economic team has succeeded in bringing stability to the housing and financial markets, but he admitted that more work needs to be done to create jobs.
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