Jobless Rate Hits 6.4 Percent The U.S. unemployment rate hits its highest level in more than nine years, rising from 6.1 percent in May to 6.4 percent in June. Businesses cut 30,000 jobs from their payrolls, and the number of out-of-work Americans reaches 9.4 million. Hear Nancy Kimmelman, chief economist at SEI Investments.
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Nation's Jobless Rate Jumps to 6.4 Percent

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Nation's Jobless Rate Jumps to 6.4 Percent

Nation's Jobless Rate Jumps to 6.4 Percent

Nation's Jobless Rate Jumps to 6.4 Percent

  • Download
  • <iframe src="https://www.npr.org/player/embed/1319788/1319789" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The U.S. unemployment rate hits its highest level in more than nine years, rising from 6.1 percent in May to 6.4 percent in June. Businesses cut 30,000 jobs from their payrolls, and the number of out-of-work Americans reaches 9.4 million. Hear Nancy Kimmelman, chief economist at SEI Investments.