U.S. unemployment rate rose to a five-year high of 6.1 percent in August as fears of a recession have grown, the Labor Department reported Friday.
Employers cut their payrolls by 84,000 in July, the eighth straight month of nationwide job losses. June and July were revised to show deeper decline.
The economy shed 100,000 jobs in June and 60,000 in July, compared with a prior estimate of job losses of just 51,000 in each of the two months.
Source: Xinhua
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