Friday, April 3, 2009

No End in Sight to Job Losses; 663,000 More Cut in March

The American economy surrendered 663,000 more jobs in March as the unemployment rate surged to 8.5 percent, its highest level since 1983, the government reported Friday.

The latest snapshot of accelerating decline in the national job market lifted to 5.1 million the number of jobs lost since the recession began in December 2007. More than two million jobs have disappeared over the first three months alone.

The full-text article by Peter S. Goodman and Jack Healy is available at The New York Times, 4.3.2009.