Friday, May 8, 2009
My guess was pretty close: 539,000 jobs were lost in April. The unemployment rate moved higher, 8.9% for April as well.
My forecast was a loss of 557,000. I will note the following:
- February job loss was reported to be 651,000: revised to a loss of 681,000
- March job loss was reported to be 663,000: revised to a loss of 699,000
This marks the 16th consecutive month of job losses and the 6th straight month of losses of at least 500,000 jobs. Since and including the December, 2007 report, the economy has lost 5,697,000 jobs.
Posted by MK at 8:43 AM