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Private employers in the country made their deepest job cuts in six years last month and planned layoffs surged to their highest level in nearly five years.
While the financial markets have found a bit of a footing lately, banks are pushing ahead with plans for some of the deepest job reductions in years.
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The unemployment rate rose to 6percentt last month, from 5.8percentt in March, matching an eight-year high, as the deepest jobs slump in 20 years continued to worsen.
Those 3.9 million are not necessarily still unemployed, and not all of them are necessarily "99ers" -- people who exhausted the maximum 99 weeks of benefits currently available in 25 states -- but the number offers a dramatic reminder that the longest-ever unemployment lifeline is still not long enough for some Americans to climb out of the deepest jobs hole since the Great Depression.
Some banks have announced deep job cuts, and UBS plans to drastically reduce its trading business.
Many private economists, however, are predicting deep job losses across the region.
Deep job cuts already announced before the bid continued after the buyout.
Arizona and Nevada have seen similar rates of foreclosure as well as deeper job losses and bigger budget deficits.
Each has drawbacks, and Current Employment Statistics showed deeper job losses during the recession, but the overall patterns were similar).
Janesville has suffered deep job losses from deindustrialization; a General Motors plant that once employed seven thousand people closed in 2009.
What's more, companies like Ford, Starbucks, Dow, Whirlpool and American Express were making deep job cuts even as they showered options on their chief executives.
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CEO of Professional Science Editing for Scientists @ prosciediting.com