The
US economy shed another 131,000 jobs in July, the second month in a row that jobs have been lost, the Labor Department has said.
The private sector created 71,000 jobs, the government said. However, both figures were worse than expected.
Despite the overall fall in job numbers, the unemployment rate was unchanged at 9.5%.
Many analysts are concerned that high unemployment is undermining the US economic recovery.
The job losses sent US stocks sharply lower, with the Dow Jones index falling more than 1% in early trading, though the market later recovered slightly to close down 0.2% at 10653.56 points. - BBC
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