Jobless rate climbs as June payrolls drop sharply
Washington AP reports 467,000 jobs lost in June blowing the unemployment rate to 9.5 percent the highest in 26 years. May’s rate rose to 9.5 as 14.7 million unemployed. Job cuts hit professionals services, manufacturing, construction, retail and government, while new claims fell modestly to 614,000.
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Washington
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North Korea fires two short range missiles near Wonsan
North Korea test fired two short range missiles from Wonsan, South Korea said, amid heightened tensions after its recent underground nuclear test and U N sanctions. Yonhap says missiles were ground to ship. The launches followed a no sail zone declaration off the east coast through July 10.
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U.S. Independence Day
Marines Launch Khanjar Offensive in Helmand Province Afghanistan
Thousands of U S Marines and Afghan forces begin Khanjar Strike of the Sword in Helmand Province to clear Taliban from Nawa and surrounding areas. The operation aims to deter insurgents before the August 20 presidential election as Pakistan shifts troops to the border.
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