Unemployment in US

Washington, US. Nation's unemployment rate has climbed to a four-year high of 5.7% in July. If the Unemployment prevails itself means then what do you say about India. 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. In July of this month Employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work. The increase in the unemployment rate to 5.7 percent, from 5.5 percent in June, in part came as many young people streamed into the labor market looking for summer jobs. This year, fewer of them were able to find work, the government said. The unemployment rate for teenagers jumped to 20.3 percent, the highest since late 1992.