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| Further jump in US unemployment | |
| (20 minutes later) | |
| The number of people employed in the US fell by 663,000 in March, according to figures from the Department of Labor. | The number of people employed in the US fell by 663,000 in March, according to figures from the Department of Labor. |
| The jobless rate rose to 8.5% from February's figure of 8.1%, meaning it is still at its highest since 1983. | The jobless rate rose to 8.5% from February's figure of 8.1%, meaning it is still at its highest since 1983. |
| It means that since the recession began in December 2007, 5.1 million jobs have been lost, 3.3 million of them in the past five months. | |
| Although showing a severe deterioration, the figures were in line with expectations. | Although showing a severe deterioration, the figures were in line with expectations. |
| "The report does not contradict the growing notion that the economy is finding a bottom," said Pierre Ellis at Decision Economics in New York. | |
| "Certainly there's no sign of strength, but at least it's not getting worse and worse and worse." | |
| The total number of unemployed people rose to 13.2 million in March, the figures showed. | |
| Meanwhile, the number of people forced to work part-time, but would prefer to work full-time, rose 423,000 to nine million. | |
| The part-time figures are reflected in a fall in the average working week to 33.2 hours, the lowest since records began in 1964. |