Drought Drives BILLIONS in Losses Across States
US drought devastates crops with losses estimated at 6 billion dollars across Southwest and Midwest. Texas 2 billion, Kansas 1.3 billion, Nebraska 1 billion. Iowa and Illinois warn up to a third of corn and soybeans destroyed. Cattle losses rise from drought and anthrax outbreaks push ranchers to sell stock amid urgent help requests.
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Slight rise in unemployment from June to July
The U S unemployment rate edged up from 5.2 to 5.3 percent in July, with the Labor Department noting the change was not significant. Total employment held at about 88 million, while the civilian labor force rose to 91.2 million, driven largely by gains among adult women.
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