Financial Times FT.com

US unemployment highest for four years

By James Politi in Washington

Published: August 2 2008 03:00 | Last updated: August 2 2008 03:00

The US unemployment rate rose in July to 5.7 per cent - its highest level for four years - as the economy shed jobs for a seventh consecutive month, labour officials said yesterday.

The data provided further evidence of deterioration in the labour market, as companies in a broad range of sectors trimmed workforces to tackle the downturn.

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