Record job losses follow mortgage debacle

"The U.S. Bureau of Labor Statistics published a report on July 2 confirming the growing economic disaster facing the working class. In June 14.7 million people were unemployed and the unemployment rate was 9.5 percent. Since the start of the recession in December 2007, the number of unemployed workers has increased by 7.2 million and the unemployment rate has risen by 4.6 percentage points. (bls.gov)"