Jobless rate hits 9.4 percent in May; layoffs slow - Yahoo! Finance

Jobless rate hits 9.4 percent in May; layoffs slow

Jobless rate jumps to 9.4 percent in May, even as layoffs slow to 345,000

Jeannine Aversa, AP Economics Writer
On Friday June 5, 2009, 9:52 am EDT

WASHINGTON (AP) -- With companies in no mood to hire, the unemployment rate jumped to 9.4 percent in May, the highest in more than 25 years. But the pace of layoffs eased, with employers cutting 345,000 jobs, the fewest since September.

http://finance.yahoo.com/news/Jobless-rate-hits-94-percent-apf-15449529.html