April’s unemployment numbers were released today. From the Wall Street Journal:
The pace of U.S. job losses tapered off a bit last month, suggesting that while the economy remains mired in a prolonged recession, it may be finally starting to find its footing.
Nonfarm payrolls fell 539,000 in April, the U.S. Labor Department said Friday, slightly better than Wall Street expectations for a 610,000 decline, according to a Dow Jones Newswires survey.
The unemployment rate, which is calculated using a survey of households as opposed to companies, increased 0.4 percentage point to 8.9%, the highest level since September 1983.