Job Loss Pace Slows in AprilMoira Herbst
The U.S. economy shed another 539,000 jobs in April, sending the unemployment rate to 8.9%, the Labor Dept. reported on May 8. The loss is lower than in March, when it totaled 663,000 and pushed the unemployment rate to 8.5%, though most analysts still expect further deterioration for the labor market throughout 2009.
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