Share 'Job Losses Dampen Hopes for Recovery'

Unemployment Rises To 9.5%; Stocks Slide Written by Neil Irwin for The Washington Post, Friday, July 3, 2009. Mounting job losses rattled hopes yesterday that the economy is on track to grow later this year, showing that prospects for American workers are terrible -- and still getting worse. Employers reduced their payrolls by 467,000 jobs in June, the Labor Department said, far more than…