Economy Death Watch

Job Losses Mount in June

The economy isn't out of the weeds yet. In June, U.S. private employers axed 473,000 jobs, down from 485,000 vanished jobs in May, but larger than expected, according to a report by a private employment service. The decrease may be the smallest job loss since October 2008, but still, between May and June, the unemployment rate rose from 9.4 percent to 9.6 percent. The government is expected to release more comprehensive numbers on job loss in the public and private sectors on Thursday.