July job losses hit 131,000, rate stays at 9.5%; Update: June revised downward by almost 100K jobs

The Department of Labor announced another mixed-bag status this morning on employment.   Non-farm job losses hit 131,000 in July, thanks mainly to the departure of 143,000 Census Bureau temps.  Private-sector payrolls gained 71,000, an improvement on the past two months — but still not enough to claim overall job creation gains when considering population growth. [...] Read the rest »