JOBLESS AT 7.2% FOR FIFTH MONTH: RATE CALLED SIGN OF SOFT ECONOMY
The national unemployment rate held steady in June for the fifth straight month, the Government reported today. It was the latest of several recent signs that declining interest rates have yet to reinvigorate the economy. The overall jobless rate, including military personnel, stood at 7.2 percent, with the number of unemployed at 8,413,000, the same number as in May. The civilian unemployment rate, which excludes the military, was also unchanged last month at 7.3 percent. Total employment in June was 108,072,000, with 106,370,000 civilians and 1,702,000 in the armed forces.
