Most Jobs Cut in 5 years and 3 months of Job Losses
Friday was basically even. The Dow Jones Industrial Average was down 16.61 points down .13 percent for the day. The Nasdaq was up 7.68 points up .08 percent for the day. Employers cut over eighty thousand jobs in March. This is the most in over 5 years and the 3rd month in a row of job losses. Unemployment in the United States rose from 4.8 percent to 5.1 percent. The market is in recession.
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