Jobless rate hits 4-year high

(01:10) Report

Aug. 1 - The U.S. unemployment rate jumped to 5.7 percent and payrolls were cut for the seventh consecutive month, which added to economic uncertainties.

Factory activity was nearly unchanged in July - data. GM lost $15-1/2 billion in the second quarter - its third biggest loss ever.

Conway Gittens reports from New York.

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