In economic news, the nation’s official unemployment rate has risen to a four-year high of 5.7 percent after 51,000 workers lost their jobs in July. So far this year, the US economy has lost over 460,000 jobs. The unemployment rate for teenagers is now just over 20 percent. Meanwhile, General Motors has reported it lost over $15 billion during the second quarter. And another bank has been forced to close. First Priority Bank of Florida is the eighth bank to fail this year.