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Image: Jobless rate rises to 4-year high of 5.7 percent

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First Buzzed By: teachinchick

Jobless rate rises to 4-year high of 5.7 percent

Made Popular: Aug 1, 2008 - WASHINGTON — The nation's unemployment rate climbed to a four-year high of 5.7 percent in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work.

Payroll cuts weren't as deep as the 72,000 predicted by economists, however. And, job losses for both May and June were smaller than previously reported.

» Full Story on Huffington Post