Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy.

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467K jobs cut in June; jobless rate at 9.5 percent
http://news.yahoo.com/s/ap/us_economy;_ylt=AtXgTCBhn2VF66dFNYAdTfms0NUE