Another Huge Job-Loss Month as Jobless Rate Hits 8.5% After 663,000 Jobs Lost in March | WHAT REALLY HAPPENED

Another Huge Job-Loss Month as Jobless Rate Hits 8.5% After 663,000 Jobs Lost in March

The New York Times Jack Healy -The American economy shed another 663,000 jobs in March, the government reported Friday, bringing the toll of job losses during the recession to more than 5 million.

The agency also drastically revised the job losses in January to 741,000 from the earlier report of 655,000, but left February’s job loss estimate of 651,000 unchanged.

“There is no letup,” said James O’Sullivan, senior United States economist at UBS. “The trend has been truly dismal.”

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