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U.S. Unemployment Rate Down To 9.4 Percent


NPR's business news starts with a drop in unemployment.

(Soundbite of music)

WERTHEIMER: We're ending the week with some good news about the economy. Today the government said that employers slashed about 250,000 jobs last month. That may not sound good, but it's far fewer job losses than in previous months. It means the tide of pink slips may be starting to ebb and the economy may be turning around.

Also in July, the unemployment rate went down, from 9.5 percent to now 9.4 percent. It's the first drop in unemployment in 15 months. Transcript provided by NPR, Copyright NPR.

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