Job market shows signs of slow down
A jobs report released recently showed the highest level of job loss in the U.S. in five years, raising more alarms that the country is in a recession. The Bureau of Labor Statistics reported a loss of 80,000 jobs in March, significantly higher than the 50,000 drop economists were expecting. Nationwide, the unemployment rate rose from 4.8 percent to 5.1 percent. That's the highest level since Hurricane Katrina, and it's expected to continue climbing.
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