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'Marketplace' Report: Unemployment Hits High

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'Marketplace' Report: Unemployment Hits High

Economy

'Marketplace' Report: Unemployment Hits High

'Marketplace' Report: Unemployment Hits High

  • Download
  • <iframe src="https://www.npr.org/player/embed/93175435/93175411" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Unemployment is at its highest level in four years. The Labor Department says the U.S. jobless rate climbed to 5.7 percent in July. Employers cut payrolls for a seventh month in a row. That brings losses for the year to 463,000 jobs. Alex Chadwick talks with Nancy Marshall Genzer about which industries saw the largest drops.