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VAULT'S LAW BLOG: LEGAL CAREERS AND INDUSTRY NEWS


US Payrolls Down Sharply In June

By BRIAN BLACKSTONE

Of DOW JONES NEWSWIRES


WASHINGTON -- U.S. payrolls tumbled by an unexpectedly large amount last month on widespread declines across manufacturing, construction and professional services ... The unemployment rate, meanwhile, continued to creep toward double digits, rising to its highest level in over 25 years.

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