Jobless rate hits 9.4% in May, but layoffs slow

    By
    -
    Insider

    With companies in no mood to hire, the unemployment rate jumped to 9.4% in May, the highest in more than 25 years. But the pace of layoffs eased, with employers cutting 345,000 jobs, the fewest since …


    Already an INSIDER? .

    We are glad you enjoy reading Business Report.

    Continue reading this story and get ACCESS to all our content from any device with a subscription now.
    • Get access to more than a decade of story archives.
    • Get access to our searchable data center of TOP LISTS.
    • Get exclusive content only available to INSIDERS.

    RELATED ARTICLESMORE FROM AUTHOR