NEW YORK -- Stocks are falling in the opening moments of trading after a new report showed more job losses than expected in June. The U.S. report Thursday follows a similar weak jobs report from overseas. The Labor Department's unemployment figures showed the jobless rate rose to 9.5 percent last month from 9.4 percent in May. Recession-weary employers cut a larger-than-expected 467,000 jobs in June, suggesting that the economy's road to recovery will be bumpy. A report in Europe showed unemployment in the 16...
[read full story]
powered by 