WASHINGTON (Reuters) - U.S. employers cut 539,000 jobs in April, the fewest since October, according to government data on Friday that signaled the economy's steep decline may be easing.
However, the Labor Department said the unemployment rate soared to 8.9 percent, the highest since September 1983, from 8.5 percent in March. Payrolls figures for March and February were revised to show job losses were 66,000 more than previously reported.
Losses in April were tempered by a big 72,000 jump in government payrolls and overall, private sector employment fell by 611,000 last month.
Full Article Here ---> http://www.reuters.com/article/domesticNews/idUSTRE5472SK20090508
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