U.S. jobless rate drops as pace of layoffs slows

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U.S. jobless rate drops as pace of layoffs slows

By DEMOCRAT-GAZETTE PRESS SERVICES

Posted: August 8, 2009 at 4:25 a.m.

Credit: AP
Job seekers search on computers at a Worksource office in Portland, Ore. Employers cut 247,000 jobs in July, the fewest in a year, and the unemployment rate dipped to 9.4 percent.

Employers sharply scaled back layoffs in July, and the unemployment rate dipped for the first time in 15 months, taken as a signal by some economists that the recession has bottomed out.

Interactive

U.S. unemployment rate broken down by state and sector

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Front Section, Pages 1, 5 on 08/08/2009

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