U.S. jobless rate rises to 9.5 percent

Thursday, July 2, 2009 | 11:37 a.m. CDT

WASHINGTON — Employers cut a larger-than-expected 467,000 jobs in June, driving the U.S. 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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