By  on June 5, 2009

WASHINGTON — The pace of job losses in the U.S. that have ballooned since the Wall Street collapse last fall slowed in May, as the economy shed 345,000 jobs — the fewest losses since September — and the unemployment rate rose to 9.4 percent from 8.9 percent in April, the Labor Department said Friday.

Since the recession started in December 2007, six million jobs have been lost, according to the Labor Department. Employment levels have fallen consistently this year, but the May drop was about half the average monthly decline over the last six months.

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