Unemployment rose to 8.9% in April-the highest level since September 1983-as businesses cut 539,000 non-farm jobs, the Department of Labor reported today.
The economy has lost 5.7 million jobs since the current recession started in December 2007. In the last year, the number of unemployed persons has increased by 6 million and the unemployment rate has increased by 3.9%.
The number of persons unemployed in April was 13.7 million, up from 13.2 million in March, when the unemployment rate was 8.5%.
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