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The unemployment rate in the United States rose to 8.9% in April after losing 539,000 jobs. While the report isn’t as bad as some feared, it just proved that the recession is as bad as 1983, when the percentage of jobless in the country was the same.

At the same time, there should be some economic recovery happening by the end of the year, at least that’s what people are predicting. So far, predictions have been off, but it has been a good thing. When it came to the number of jobs lost in April, some were expecting 600,000 jobs lost, but there were only 539,000.

When compared to April 2008, unemployment was 5%.

Since the beginning of the recession in December 2007, the nation has lost 5.7 million jobs.

Jeremy

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