Unemployment rate may continue to rise in coming months, experts say

04/5/2009 | Bloomberg

Several large U.S. employers have announced plans to cut more jobs this year. As a result, unemployment in the U.S. could continue to increase in the coming months. The unemployment rate climbed to 8.5% in March, a 25-year high. The U.S. economy has lost 5.1 million jobs since the recession began in December 2007, with the construction, manufacturing and temporary-help industries hardest hit.

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