Clothing retailers cut another 15,000 jobs during July, as the recession shows no sign of easing.
Specialty stores eliminated 7,400 positions to employ 1.42 million, while department stores cut 7,600 jobs to employ 1.52 million.
The overall pace of job losses slowed in July as the economy shed 247,000 jobs. The unemployment rate fell slightly to 9.4 percent from 9.5 percent in June.
In the manufacturing sector textile mills, which produce apparel fabric, cut 2,000 jobs to employ 121,900. Textile product mills, which make mostly home furnishing fabric, cut 800 jobs to 125,700. Apparel manufacturers added 1,000 jobs to employ 166,800.
You know the economy is bad when The Wall Street Journal is trumpeting the fact that the economy "only" lost 247,000 jobs in one month.
