Friday, August 01, 2008

Forgot To Bet

Jobs report is out.

The U.S. unemployment rate climbed to 5.7 percent in July, its highest in more than four years as employers cut payrolls for a seventh month in a row, though less severely than predicted, according to a government report in Friday.

The Labor Department said 51,000 non-farm jobs were eliminated in July, bringing losses for the year to 463,000.