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Updated:
May 13, 2009
U.S. Job Losses Slowed as Economy Began to Stabilize
Shobhana Chandra, Bloomberg
May 8, 2009
Excerpt:
Employers cut fewer jobs in April as signs emerged that the worst of the U.S. recession had passed and hiring for the next census boosted government staffing by the most since 2001.
Payrolls fell by 539,000, after a 699,000 loss in March, the Labor Department said today in Washington. The jobless rate still jumped to 8.9 percent, the highest since September 1983, and probably won’t start retreating until an economic recovery is secured.
