By  on July 2, 2009

WASHINGTON — The employment situation worsened in June after showing signs of improvement in May.


The economy shed 467,000 jobs in June, worse than predicted. The unemployment rate rose to 9.5 percent from 9.4 percent the previous month, hitting a 26-year high.

Specialty clothing stores cut 2,300 jobs to employ 1.43 million, while department stores eliminated 1,200 positions to employ 1.53 million.

The manufacturing sector suffered in June. Apparel fabric manufacturers, or textile mills, eliminated 2,300 jobs to employ 123,600. Textile product mills, which make home furnishing fabric, trimmed payrolls by 600 positions to 126,400. Domestic apparel producers  slashed 4,400 jobs to employ 165,700.

For complete coverage, see Monday’s WWD.

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