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The Labor Department's monthly employment report released Friday shows the U.S. economy shed more jobs than it created last month - a net loss of 125,000 jobs - the first monthly job loss of the year. Despite the net decline, the nation's unemployment rate inched lower in June, falling 0.2 point to 9.5 percent.
The private sector added more than 80,000 workers to their payrolls last month, better than the previous month, but not enough to offset the loss of more than 200,000 temporary census