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U.S. Economy Lost 663,000 Jobs in March, Unemployment Now as High as 15.6%

Payrolls fell 663,000 in March 2009 after falling 651,000 in February 2009 and 741,000 in January 2009. Economy has lost over 2 million jobs in 2009 year-to-date and 5.1 million jobs since recession began in December 2007.
Unemployment rate rose from 8.1% to 8.5% in March 2009 (a 25-year high). Decline in labor force and shift [...]